Bitcoin Halving Is Coming, Prices Are Rising.

Here are the latest price movements and developments in the Crypto markets..

Bitcoin (BTC) recovered slightly as the halving approached, gaining 5% in value in 24 hours. Ether (ETH) also rose 4% to $3,000. According to Laurent Kssis, a crypto ETP expert at CEC Capital, the rally for bitcoin will continue for US markets but will return to previous levels after a new correction. The cryptocurrency, which dropped to $58,800 this week, is now approaching $65,000.

The Bitcoin halving is expected to occur late today or early tomorrow morning. The quadrennial event will slow the growth rate of bitcoin supply by 50%. Altcoins are also rising ahead of the halving. In the last 24 hours, dogwifhat (WIF) gained 18 percent, Ethena Labs' ENA token gained 16 percent, and Sei Network's SEI token gained 14 percent.

U.S.-based spot bitcoin exchange-traded funds (ETFs) recorded cumulative outflows of $4.3 million on Thursday, marking five consecutive days ahead of the bullish mining reward halving. Since April 12, ETFs have witnessed a total net outflow of over $319 million, with Grayscale's GBTC accounting for a large portion of these transactions, according to data released by Farside Investors.

GBTC alone accounted for $90 million of Thursday's outflows, offsetting inflows to Fidelity's FBTC and BlackRock's IBIT. The Grayscale ETF has been losing money since day one for a variety of reasons, including the fund's relatively costly fee structure. Therefore, the real problem is not GBTC outflows, but other ETFs starting to withdraw less money.

Stay tuned for all developments.