59 days ago • nulltx
Bitcoin ETF Trading Volume Surges Amidst Price Rally
In a resurgence of activity, Bitcoin’s ETF trading volume has soared in mid-February, surpassing $1.8 billion per day across the seven most prominent ETFs: GBTC, IBIT, FBTC, ARKB, BTCO, BITB, and HODL. This surge in trading volume coincided with Bitcoin’s breach of the $50,000 mark earlier this week, signaling a […]
73 days ago • cryptodaily
Bitcoin Upturn Following Decrease in GBTC Outflows; Analysts Predict Hype for Shiba Inu Rival
Market dynamics can change in the blink of an eye. Recently, Bitcoin experienced a noteworthy upturn, defying expectations following a decrease in Grayscale GBTC outflows. Meanwhile, analysts are eyeing a potential hype surge for the Shiba Inu rival, Rebel Satoshi.
74 days ago • cryptodaily
Genesis Global Capital Requests Permission to Liquidate $1.6 Billion of Trust Assets
The bankrupt crypto lending firm Genesis Global Capital is seeking permission from a US Bankruptcy court to liquidate its shares in the Grayscale Ethereum Trust (ETHE), Grayscale Bitcoin Trust (GBTC), and Grayscale Ethereum Classic Trust (ETCG). The combined value of the shares is estimated to be worth $1.6 billion.
80 days ago • nulltx
Bitcoin Sees Recovery Amidst ETF Activity With Grayscale And Hong Kong
Bitcoin commenced January on a strong note, breaching $48,900 following the introduction of U.S.-based spot exchange-traded funds (ETFs) on January 11. However, profit-taking among investors in Grayscale Bitcoin Trust (GBTC) led to downward pressure, with prices dipping to around $38,500 last week. As the new week unfolds, Bitcoin has shown […]
84 days ago • zycrypto
JPMorgan Sees Limited Further Downside For Bitcoin With Grayscale’s GBTC Profit-Taking Now Over — Can BTC Retake $50,000?
Analysts from JPMorgan Chase think the downward pressure on Bitcoin’s price has been capped as profit-taking on the crypto investment vehicle, the Grayscale Bitcoin Trust (GBTC), has now likely concluded.
87 days ago • cryptopotato
Bitcoin ETF Issuers Acquire Over 86,000 BTC, Valued at $3.63 Billion
Spot Bitcoin ETFs volume remains strong with GBTC still contributing slightly more than half of the volume.
88 days ago • cryptopotato
Mike Novogratz Foresees Bitcoin Price Rebound Through GBTC Alternatives
Mike Novogratz believes after GBTC's anticipated sell off, investors will turn to alternative ETFs, boosting up Bitcoin's price.