By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee fell to a record low on Thursday, pressured by likely outflows and strong dollar demand from local importers. The currency declined to a lifetime low of 83.6650 against the U.S. dollar in the latter half of the trading session and ended at a record closing low of […]
The outflows offset minor inflows for a broad selection of altcoins, including ETH, LIDO and XRP. Crypto markets have been laid low by a hawkish stance on interest rate cuts by the FOMC. Bitcoin investment products saw a total of $621 million in outflows last week following mixed economic signals from the U.S, according to […]
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, […]
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 […]
Bitcoin Price Falls By 5% As Grayscale’s BTC Outflows Hit $400M Bitcoin‘s recent rally has hit a roadblock, with the cryptocurrency falling below $69,000 per coin today. While it has since recovered to above $70,000, it remains below its all-time high of $73,700 reached yesterday. The dip is attributed to a combination of factors, including […]
(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 […]
Flows The world’s largest exchange-traded fund is losing assets at a head-spinning pace this year. Since the start of 2024, investors have pulled $29.2 billion from the SPDR S&P 500 ETF Trust (SPY), the largest outflows of any ETF by far. The $29.2 billion is larger than any annual outflow for SPY, other than 2015’s […]