Grayscale Bitcoin Trust Sees Equilibrium amidst $15 Billion Outflows
While outflows have decreased from the substantial $600 million observed in March, GBTC continues to face net redemptions.
While outflows have decreased from the substantial $600 million observed in March, GBTC continues to face net redemptions.
The co-founder and former CEO of BitMEX believes that the upcoming halving event coincides with a period of heightened US dollar liquidity.
The BitMEX co-founder must face the lawsuit accusing him of trading manipulations that allowed the exchange to profit from liquidations.
The negative shift suggests a weakening demand for Bitcoin in the US, coinciding with slowed inflows into spot ETFs and a record outflow from Grayscale’s ETF.
Raoul Pal’s disclosure of his WIF ownership, coupled with the substantial surge in the token’s market value, has ignited fervent discussions and speculations among investors and market participants.
Fortunately for VanEck, its decision to crash management fees to 0% until next year attracted record inflow for the company.
The influx of investments into Bitcoin ETFs, culminating in a total of $563 million on March 4, signifies a robust institutional endorsement of cryptocurrency.
Grayscale CEO Sonnenshein ask the SEC to approve options for GBTC, adding that the Commission has already approved same for futures ETFs.
The enthusiasm for Bitcoin-related ETFs was further underscored by data indicating that US-listed spot Bitcoin ETFs collectively traded over $2 billion.
According to Hayes, in the new decentralized economy, mounting pressure on centralized stablecoin operations could give rise to decentralized alternatives that do not rely on the TradFi framework to operate.