📢Big moves in the cryptocurrency ETF world!📊
Yesterday, Bitcoin spot ETFs saw a remarkable $73 million inflow, with Grayscale Bitcoin Trust (GBTC) recording a significant single-day outflow of little over $27 million. In contrast, BlackRock’s Bitcoin ETF (IBIT) saw a robust $82.5 million inflow, while ARKB, the joint venture of Ark Invest and 21Shares, reported a nearly $43 million inflow.
These ETF movements come post the 2023 court reversal recognizing Bitcoin as a commodity. However, other tokens face scrutiny, potentially as unregistered securities under the SEC, which is also monitoring Solana closely.
Meanwhile, the US government recently transferred 3,940 Bitcoin to Coinbase Prime from its holdings of approximately 214,000 Bitcoin, valued at over $13 billion.
The cryptocurrency landscape is evolving rapidly—stay informed! 📈💫
🔍Crypto Scouts news team
