GBTC outflows are once again negative, with $124.9 million flowing out of the trust-turned-ETF. However, the price of bitcoin remains stable, challenging the thesis that outflows push down prices {{BTC}} is stable, trading above $70,900, as outflows from the Grayscale Bitcoin Trust (GBTC) pick up once again. (CheckonChain) Overall, $124.9 million flowed out of GBTC, […]
Genesis has sold its shares of Grayscale Bitcoin Trust (GBTC) and used the proceeds to buy 32,041 bitcoins The bitcoins are worth $2.2 billion at today’s prices Bankrupt crypto lender Genesis has completed the sale of its Grayscale Bitcoin Trust (GBTC) shares and used the proceeds to purchase 32,041 bitcoins, according to court documents filed […]
Bitcoin fell below $63,000 early during the U.S. session Friday amid a broader crypto sell-off. “It will take some time” until bitcoin recovers to $73,000, Galaxy CEO Mike Novogratz said at the Bitcoin Investor Day conference. ETF inflows will return once GBTC selling is completed due to favorable macro conditions, Coinbase analysts said. Volatility in […]
(Bloomberg) — Few obstacles seem to be in the way of Bitcoin’s current rally. The largest cryptocurrency rose for the second straight day and marched closer to its all-time high, driven by expectations of exchange-traded funds’ robust demand at the week’s start. Most Read from Bloomberg The most liquid token rose to as much as […]