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Bitcoin Holds Steady Around $71K Amid GBTC Outflows Resurgence
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.
Edmund
Apr 12, 2024 8:15 pm
Grayscale's Bitcoin ETF to Reduce Fees as Market Matures, says CEO
Grayscale's Bitcoin ETF is set to reduce its fees as the market matures, according to CEO Michael Sonnenshein.
Miyuki
Apr 12, 2024 10:27 am
The GBTC ETF has seen its smallest outflow since its inception, with just $17.5 million being withdrawn.
Bitcoin ETFs see resurgence with $123.7 million inflow, led by FBTC.
Miyuki
Apr 11, 2024 4:35 pm
Massive Crypto Move: Genesis Snags 32,000 Bitcoins from Grayscale Shares Sale – How Did They Do It?
While Genesis' Bitcoin investment strategy offers potential upside, the company faces substantial hurdles in its journey towards financial rehabilitation.
Sanya
Apr 07, 2024 9:18 am
Investor Exodus: Crypto Market Sees $942 Million Withdrawn in Correction Fallout
Cryptocurrency investment products experienced a substantial withdrawal of $942 million following a recent market correction, with Bitcoin-focused products seeing significant outflows. Despite this, products linked to XRP and Polkadot ($DOT) witnessed inflows. Spot Bitcoin ETFs also recorded record net outflows, raising concerns amidst market uncertainty. Additionally, potential selling pressure from Genesis Global's GBTC shares adds to market dynamics.
Cheng Yuan
Mar 26, 2024 2:12 pm
Deciphering the Dilemma: Two Theories Behind GBTC's Stubbornly High Fees Amid Losses
GBTC's reluctance to adjust fees amid mounting losses underscores potential challenges in navigating the evolving cryptocurrency landscape.
Sanya
Mar 26, 2024 1:39 pm
Genesis Seeks Court Approval for Asset Liquidation Amid Bankruptcy
Genesis seeks court approval to liquidate $1.6 billion in Grayscale Trust assets amidst bankruptcy, aiming to mitigate risks and maximize creditor returns amid market volatility.
Brian
Feb 04, 2024 12:06 pm
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