Why Grayscale GBTC Loses to BlackRock's IBIT iShares Bitcoin Trust Fund
On March 28, BlackRock’s IBIT iShares Bitcoin Trust finally surpassed GBTC in AUM!
JinseFinanceOn March 28, BlackRock’s IBIT iShares Bitcoin Trust finally surpassed GBTC in AUM!
JinseFinanceBitcoin stability persists despite GBTC outflows, hovering above $70,900. Market divided on impact; some cite fee structure, others anticipate downward pressure. Traders predict stability with a chance of reaching $75,000 or $80,000 by month-end.
EdmundGrayscale's GBTC Outflows Pressure US Bitcoin ETFs. Spot ETFs See Net Outflows after Four Days. Bitwise and iShares Buck Trend. Despite Recent Outflows, Continued Investor Interest in Bitcoin ETFs.
EdmundGBTC outflows have put negative pressure on Bitcoin’s price and market, but are also affected by other factors, such as U.S. regulation, Bitcoin competitors, etc.
JinseFinanceExplore the strategic disposal of GBTC shares by FTX Estate and its market implications in our comprehensive analysis. Uncover insights on the GBTC to ETF transition, legal dynamics, and the significant market reactions shaping the future of cryptocurrency investments.
WeiliangARK Invest, led by Cathie Wood, has strategically liquidated its remaining $200 million GBTC holdings, redirecting $100 million to Bitcoin Futures ETF Bito. The move aligns with the anticipation of a potential spot Bitcoin ETF approval, reflecting ARK's proactive response to evolving market dynamics. Wood's optimism about Bitcoin's long-term growth remains strong, despite short-term market fluctuations tied to regulatory speculation.
BernicePart Three: 3AC, Grayscale, Genesis, and DCG
EspressoThe discount brokerage has seen a sharp decline in crypto-related revenue over the past 12 months as retail investors exited the market.
CointelegraphDespite the sizable dilution, the RIOT stock price has not moved much at the time of publication.
CointelegraphThe discount brokerage has seen a steep decline in crypto-related revenue over the past 12 months as retail traders exited the market.
Cointelegraph