Why does grayscale GBTC continue to flow out?
GBTC 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.
JinseFinanceGBTC 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.
JinseFinanceGrayscale's Bitcoin Trust (GBTC) experienced substantial outflows, notably transferring significant BTC amounts to Coinbase Prime, impacting Bitcoin's market dynamics. These movements, part of the ETF conversion, reflect a complex interplay between institutional decisions and cryptocurrency valuations.
JoyExplore 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
EspressoCME futures data combines with numbers from derivatives platforms to suggest that investors are getting less fearful.
CointelegraphGrayscale wrote: "Ethereum is like New York City: it's big, expensive, and crowded in some areas. However, it also has the richest application ecosystem."
CointelegraphThe discount brokerage has seen a sharp decline in crypto-related revenue over the past 12 months as retail investors exited the market.
CointelegraphCEO Michael Sonnenshein said the firm’s European rollout would be done piecemeal due to various regulatory regimes and investor attitudes.
CointelegraphThe discount brokerage has seen a steep decline in crypto-related revenue over the past 12 months as retail traders exited the market.
Cointelegraph