Grayscale Bitcoin Trust

ForkLog 11 02.05.2024

Record $564 Million Outflow from Bitcoin Spot ETFs in a Single Day

On May 1, the outflow from spot Bitcoin ETFs reached a record high since the approval of these products, amounting to $563.8 million. BlackRock’s IBIT recorded its first negative performance, with an outflow of $36.93 million. According to SoSoValue, yesterday’s Bitcoin spot ETF had a total net outflow of $564 million, a record high. Grayscale […]

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ForkLog 7 18.04.2024

Grayscale Foresees Approval of Altcoin-Based ETFs

Within the next two to three years, the SEC is expected to approve spot exchange-traded funds based on cryptocurrencies other than Bitcoin and Ethereum. This prediction comes from David LaValle, head of Grayscale’s global ETF division, as reported by The Block. The topic was discussed by participants at a round table hosted by the NYSE […]

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ForkLog 6 11.04.2024

Grayscale CEO Predicts Stabilization of GBTC Outflows

Outflows from the Grayscale Bitcoin Trust ETF (GBTC) have reached an equilibrium, according to the company’s CEO, Michael Sonnenshein, as reported by Reuters. The executive attributed his expectations to the completion of several transactions involving the sale of GBTC by bankrupt firms. Another reason cited was the peak of a wave of clients switching to […]

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ForkLog 12 02.04.2024

Bitcoin ETF Outflows Resume: IBIT and FBTC Inflows Fail to Counter GBTC Impact

On April 1, net outflows from spot Bitcoin ETFs reached $85.8 million. The trend turned negative again on the fifth trading day due to Grayscale’s GBTC, which saw $302.6 million in client funds withdrawn, according to SoSoValue. Data: SoSoValue. Inflows into BlackRock’s IBIT amounted to $165.85 million, while Fidelity’s FBTC saw $44 million. This was […]

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ForkLog 8 22.03.2024

Analyst Predicts Easing of Bitcoin Pressure from GBTC Outflows

On March 21, outflows from Grayscale’s spot Bitcoin ETF, GBTC, amounted to $358.8 million, following a record $642 million on March 18. Bloomberg analyst Eric Balchunas has forecasted an end to this trend. The more I think about it the more likely the uptick in flows is related to the bankruptcies bc of the size […]

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ForkLog 8 21.03.2024

Bitcoin Spot ETF Outflows Persist for Third Consecutive Day

On March 20, the total net outflow from Bitcoin spot ETFs amounted to $261 million, continuing a negative trend for the third consecutive day. According to SoSoValue data, on March 20, the total net outflow of Bitcoin spot ETFs was $261 million, marking three consecutive days of net outflows. The ETF GBTC had a single-day […]

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ForkLog 12 01.03.2024

Bitcoin’s Record Month Thwarted by Second-Largest GBTC Outflow

On February 29, outflows from the Grayscale Bitcoin Trust ETF (GBTC) reached $598.9 million, marking the second-largest in history. This development interrupted Bitcoin’s five-day growth streak, closing the month with a near-record increase of 43.6%. $600m outflow for $GBTC today. That’s a lot. Two steps forward one step back. https://t.co/eWaEPMzUIW — Eric Balchunas (@EricBalchunas) February […]

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ForkLog 9 27.02.2024

Spot Bitcoin ETF Trading Volume Hits Record $2.4 Billion

Trading volume of spot ETFs based on digital gold, excluding GBTC, reached a peak of $2.4 billion. BlackRock’s IBIT surged to $1.29 billion, making it attractive to institutional investors. Experts linked activity spikes in other products to high-frequency traders. On February 26, trading turnover of GBTC’s competitors reached a peak of $2.4 billion since the […]

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ForkLog 11 26.02.2024

Weekly Inflows to Crypto Funds Decline to $598 Million

Funds flowing into cryptocurrency investment products from February 17 to 23 amounted to $598 million, following a record $2.45 billion in the previous reporting period, according to a report by CoinShares. Net inflows since the beginning of the year have reached $5.76 billion—55% of the all-time high inflows recorded in 2021. The positive trend continued […]

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ForkLog 8 15.02.2024

Court Authorizes Genesis to Sell $1.3 Billion in GBTC Shares

The bankruptcy court has approved Genesis Global Holdco’s request to sell 35 million GBTC shares, valued at over $1.3 billion, to satisfy creditor claims, according to Bloomberg. The subsidiary of DCG also plans to sell “more than 11 million shares of two Grayscale Ethereum trusts worth over $200 million.” Digital Currency Group sought to delay […]

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ForkLog 8 08.02.2024

BlackRock and Fidelity Bitcoin ETFs Surpass GBTC in Liquidity

Bitcoin ETFs from BlackRock and Fidelity have outpaced GBTC in two liquidity metrics. Net inflow into spot exchange-traded products based on digital gold continued for the ninth consecutive day. IBIT entered the top 5 ETFs by inflows since the beginning of the year. Spot Bitcoin ETFs from BlackRock and Fidelity have surpassed GBTC in two […]

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ForkLog 9 05.02.2024

Cryptocurrency Inflows Surpass $1.5 Billion Since Start of Year

Inflows into cryptocurrency investment products amounted to $708 million from January 27 to February 2, bringing the total since the start of the year to $1.58 billion, according to a report by CoinShares. A week earlier, analysts recorded an outflow of $499.7 million. Assets under management increased to $53 billion. Data: CoinShares. Net inflows into […]

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