April 30th, 2025
GBTC News - Page 7
BlackRock Spot Bitcoin ETF Inflows Cross $3B, Fifth-Largest of All ETFs in 2024
By Tolu Ajiboye
February 7th, 2024
The IBIT ETF from BlackRock is now the fifth-largest of all US ETFs by inflows, despite heavy outflows from Grayscale’s product.
Bankrupt Crypto Lender Genesis Global Seeks Approval to Sell $1.6B of Trust Assets
By Steve Muchoki
February 5th, 2024
The motion to liquidate Genesis assets at Grayscale Investment has been supported by Gemini that is seeking to repay the affected Earn Program customers.
BlackRock’s BTC ETF Outpaces Grayscale’s GBTC on This Front
By staff writer
February 2nd, 2024
Fidelity’s Wise Bitcoin Fund (FBTC) and BlackRock’s IBIT have posted $6 billion in cumulative inflows in the past three weeks.
US Prosecutors Charge Trio with Wire Fraud and Identity Theft in $400M FTX Hack
By Tolu Ajiboye
February 2nd, 2024
The US government is finally resolving the FTX hack as it files charge against three people involve in the phone swap hack.
US Bitcoin ETFs Attract $255 Million in Investments
By Chimamanda U. Martha
January 30th, 2024
While Grayscale’s GBTC saw outflows running in millions on Monday, companies like BlackRock and Fidelity received a combined net inflow of $406 million on the same day.
Bitcoin Price Shoots to $43,500 as BTC ETF Inflows Outpace Net Outflows
By Bhushan Akolkar
January 30th, 2024
Fidelity’s spot Bitcoin ETF recorded more inflows than GBTC outflows on Monday. All eyes are currently on the FOMC meeting ahead this week as investors’ keenly watch Fed’s take on rate cuts.
TD Cowen: Spot Ethereum ETF Approval Unlikely to Happen in 2024
By Tolu Ajiboye
January 30th, 2024
According to TD Cowen, several factors, including Gensler’s “go-slow” approach, make spot ETH ETF approval unlikely this year.
FTX Cash Reserve Doubles to $4.4B as Company Strives to Repay Customers
By Godfrey Benjamin
January 29th, 2024
Despite the positive developments, FTX has acknowledged that it does not anticipate fully repaying all customers.
JPMorgan: GBTC Profit-Taking Is Likely Over as Bitcoin Recovers Slightly
By Godfrey Benjamin
January 26th, 2024
The JPMorgan analysts highlighted BlackRock and Fidelity Investment’s spot Bitcoin ETFs as emerging competitors to GBTC.
Matrixport Predicts Bitcoin to Fall to $36,739 amidst ETF Profit-Taking
By Tokoni Uti
January 26th, 2024
Q1 has been predicted to be challenging for Bitcoin according to Matrixport, with the price expected to dip to around $36,000 and then recover.
Investors Pull $515 Million from Grayscale’s GBTC in 24 Hours
By Chimamanda U. Martha
January 24th, 2024
Despite the recent massive outflows, the past week witnessed a notable surge in inflows, with a substantial $1.25 billion pouring into crypto funds. Grayscale’s GBTC led the chart.
BTC Price Tanks to $39,000 Despite Bitcoin ETFs Amassing 100K BTC
By Bhushan Akolkar
January 23rd, 2024
Nine new spot Bitcoin ETFs have accumulated over 100,000 BTC, valued at $4 billion AUM. BlackRock’s IBIT leads with 40,213 BTC.
Spot Bitcoin ETF Fees War Escalates to Europe-based Fund Managers
By Steve Muchoki
January 23rd, 2024
The approval of 11 spot Bitcoin ETFs in the United States has given investors around the world more diversity to tap into the Bitcoin market, thus heightening underlying fee wars.
Grayscale’s GBTC Sees $640M Outflow in One Day amid ETF Bear Market
By Godfrey Benjamin
January 23rd, 2024
The approval of spot Bitcoin ETFs was anticipated to be a positive catalyst for Bitcoin’s price. However, the reality has been starkly different, with Bitcoin experiencing a decline.
Bitcoin Price Falls Below $40,000 as Grayscale’s ETF Continues Recording Outflows
By Tolu Ajiboye
January 23rd, 2024
Bitcoin has fallen below $40k despite the SEC’s approval of spot ETFs, with the Grayscale ETF losing more than $2 billion since then.