In the recent financial assessment, the digital asset market saw a substantial net inflow of $1.2 billion. Grayscale, however, stood out with outflows reaching $579 million, contrasting the overall trend of net inflows. K33 Research reports new ETF net inflows at around 17,619 BTC, while outflows from GBTC and futures ETFs total 19,000 BTC.
Amidst the significant net inflow, Grayscale experienced an anomaly, witnessing outflows of $579 million, making it an outlier in the sea of net inflows.
The Purpose Bitcoin ETF, based in Canada, faced consecutive outflows, with over 4,000 BTC leaving the fund between Jan. 11 and 12. This marks the second-highest outflow in a year, following a period of substantial inflows around October and November, indicating a potential anticipation of the ETF trend.
Spot ETFs recorded an impressive debut, spearheaded by BlackRock, with an aggregate inflow of $1.2 billion. It's noteworthy that this total inflow encompasses all crypto flows per provider, extending beyond spot ETFs.
Bitcoin stability persists despite GBTC outflows, hovering above $70,900. Market divided on impact; some cite fee structure, others anticipate downward pressure. Traders predict stability with a chance of reaching $75,000 or $80,000 by month-end.
EdmundUS spot bitcoin ETFs experience significant outflows, with GBTC leading the decline. Blackrock's IBIT and Fidelity's FBTC see slight inflows amidst the overall trend. Despite fluctuations, US spot bitcoin ETFs maintain substantial trade volume and market capitalization.
Xu LinGrayscale's GBTC Outflows Pressure US Bitcoin ETFs. Spot ETFs See Net Outflows after Four Days. Bitwise and iShares Buck Trend. Despite Recent Outflows, Continued Investor Interest in Bitcoin ETFs.
EdmundGrayscale Bitcoin Trust ETF (GBTC) witnesses over $10 billion in net outflows since ETF conversion. High fees at 1.5% compared to competitors impact GBTC's performance. Despite recent price surge, persistent outflows raise concerns over GBTC's stability.
Huang BoGrayscale'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.
JoyDespite GBTC's significant outflows and concerns about market absorption, Bitcoin manages to maintain support at $40,000. The market remains uncertain, with conflicting forecasts from analysts and traders.
SanyaBitcoin ETFs achieved a remarkable $10 billion in trading volume in three days, outperforming traditional ETFs. Despite success, GBTC faced substantial outflows, with IBIT emerging as a potential leader.
Huang BoSolana ($SOL) is primed for a potential surge, breaking out from a bull flag pattern. Analysts predict a 47% increase, propelling SOL's price to $150-$165. Despite recent challenges, growing adoption and positive sentiment contribute to a favorable outlook.
EdmundPart Three: 3AC, Grayscale, Genesis, and DCG
EspressoSolana market grapples with multiple bearish setups if it breaks below its key 50-week moving average.
Cointelegraph