Bitwise Bitcoin ETF Takes Over Osprey Bitcoin Trust in New Deal 🤝🏻

Bitwise Bitcoin ETF (#BITB ) is acquiring the assets of Osprey Bitcoin Trust (OBTC) as part of a strategic move by #Osprey Funds. OBTC unitholders will receive BITB shares in a liquidating distribution, while BITB holders will experience no changes.

This acquisition follows Bitwise’s recent purchase of the ETC Group, enhancing its position in the bitcoin #ETF market. BITB currently holds 4.69% of the total spot bitcoin ETF market share, with a daily trading volume of $55.95 million as of August 26, 2024.

If you enjoy my content, feel free to tip me ❤️

#Binance
#crypto2024

📊 BlackRock’s #IBIT reported a net inflow of $526.7 million on Monday, the biggest since March 13.
Ten U.S. spot #Bitcoin ETFs, except for Bitwise's #BITB saw a total of $533.57 million net inflows.

#BlackRock⁩ #Bitwise

There was a net inflow of $488 million into spot Bitcoin ETFs in the USA.

Total daily net inflows into spot Bitcoin #ETFs in the US on June 5 were $488 million. This entry was recorded as the 17th consecutive net entry. The longest positive streak seen earlier in the year has been achieved.

Exchange-traded funds announced that they saw a total daily inflow of $488.23 million yesterday, following the second-highest daily net inflows seen on Tuesday.
Leading the way in net inflows was Fidelity's FBTC with an inflow of $221 million. BlackRock's IBIT added $155 million, recording the second-largest net inflow among the funds.

Ark Invest and 21Shares' ARKB generated $71 million in revenue, while Bitwise's #BITB saw daily net inflows of $19 million. Grayscale's GBTC recorded a net inflow of $15 million, marking its second consecutive net inflow.

VanEck's fund reported net inflows of $4 million. Invesco and Galaxy Digital's fund also raised $4 million.
With this development, the number of daily net inflows of 11 spot Bitcoin ETFs reached the 17th consecutive day. It remains the longest streak of positive flows recorded in January and February.

Total trading volume for the 11 spot #Bitcoin ETFs reached $2.09 billion yesterday, compared to $2.78 billion on Tuesday and $1.78 billion on Monday .

BITCOIN $BTC ETF INFLOW EXPLOSION!

2024-11-06 | Net Inflow: $621.9M 🚀
7-Day Avg: $237.7M 🔥

Bitcoin ETFs saw a monster cash injection – nearly 3X the weekly average! The biggest movers:
#FBTC leading the charge with $308.8M
#BITB rallying at $100.9M
#ARKB making waves with $127.0M
#GBTC adding $30.9M
#BTC flowing in with $108.8M

But it’s not all gains:
🔻 #IBIT saw -$69.1M pulled out
🔻 #BRRR dropped -$2.6M

Is this just the start of a new bull run?

With inflows like this, the Bitcoin rocket may just be fueling up!

Buckle up, #BTC fam – the market's heating up like never before!

$BTC
$SOL

📊On May 15, the total net inflow of Bitcoin spot ETFs was 303 million dollars.

•Grayscale #ETF (#GBTC ) experienced an inflow of $27 million.

•ARK Invest ETF (#ARKB ) experienced an inflow of $38.6 million.

•Bitwise ETF (#BITB ) saw inflows of $86.3 million.

•Fidelity ETF (#FBTC ) inflow was 131 million dollars.