#GBTC Grayscale Trust related address's exchange transfer situation:

15 hours ago, the address bc1q9... transferred 744.956 BTC to Coinbase Prime, worth 70.64 million USD.
15 hours ago, the address bc1qj... transferred 772.751 BTC to Coinbase Prime, worth 73.28 million USD.
15 hours ago, the address 1461L... transferred 700.002 BTC to Coinbase Prime, worth 66.03 million USD.
Total: Grayscale Trust related addresses transferred a total of 2217.709 BTC to Coinbase Prime, with a total value of approximately 210 million USD, suspected sale.

#GRAYSCALE - the renowned #bitcoinetf giant has introduced the Dynamic Income Fund.

The Grayscale Dynamic Income Fund (GDIF) will hold assets of 9 blockchains: Aptos, Celestia, Coinbase Staked Ethereum, Cosmos, Near, Osmosis, Polkadot, SEI Network and Solana.

The primary objective of the #GDIF is to distribute rewards in US dollars on a quarterly basis. Grayscale aims to capitalize on the potential of crypto staking, a process where users can earn rewards by participating in network validation activities.

While the cryptocurrency market experiences record highs, Grayscale's flagship product, the #gbtc ETF, has faced significant outflows. Since its conversion to an ETF on January 11, 2024, GBTC has seen a 33% reduction in #BTC holdings, amounting to record outflows of $9.266 billion. Reasons include high fees, competition from cheaper alternatives, and the sale of stakes by bankrupt cryptocurrency companies.

#Graysacle Bitcoin trust (GBTC) Witnesses Slowing Withdrawal Volumes:

Over the past few days, Grayscale’s Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While it’s essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTC’s withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC

📈 US Bitcoin ETFs Experience Strong Inflows Led by #BlackRock

US Bitcoin ETFs have seen a five-day streak of positive inflows, totaling $246 million. Notably, BlackRock's iShares Bitcoin Trust (IBIT) stands out, pulling in $184 million on Wednesday alone. 🚀

Despite a tumultuous market, investor confidence in Bitcoin ETFs appears to be growing. While BlackRock dominates the scene, other funds like Bitwise’s #BitcoinETFs (BITB) managed to attract only $2 million, with significant outflows from Fidelity’s $BTC Fund ($33 million) and ARK Invest’s ETF ($47 million). 💰

👀 The shift in investor preferences suggests a move towards larger, more established funds, as seen with IBIT's substantial gains compared to the struggles of #grayscale ’s Bitcoin Trust (GBTC), which has lost over $20 billion since converting to an #ETF✅ .

#gbtc

Bitcoin briefly fell below $63,000:

According to the latest data, the capital flows of US spot Bitcoin and Ethereum ETFs on September 23 are as follows:

Spot Bitcoin ETF:
GBTC (Grayscale Bitcoin Trust) had a net outflow of $40.3 million. BTC had a net inflow of $8.4 million. ARKB (Ark Bitcoin ETF) had no capital flows.

Spot Ethereum ETF:
ETHE (Grayscale Ethereum Trust) had a net outflow of $80.6 million. Neither ETH nor CETH had any inflows or outflows.

Although Bitcoin briefly fell below $63,000, ETF capital flows show that different capital parties have different operating strategies on Bitcoin and Ethereum, which may bring further volatility to the market.

#BTC☀ #etf以太坊 #gbtc #ARKB #ETH🔥🔥🔥🔥

What Bitcoin's Rise and Genesis' $1.6 Billion GBTC Sale Mean? 🤔💰

This week, Bitcoin's price has reached heights reminiscent of the 2021 bull run, but a shadow of uncertainty looms over the crypto market. Genesis, a subsidiary of Digital Currency Group, recently gained approval to sell $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares to repay creditors. Let's break down the situation.

Genesis, tied to the collapse of Three Arrows Capital, filed for bankruptcy a year ago, freezing customer withdrawals post-FTX's demise in 2022.

A U.S. bankruptcy judge granted Genesis permission to sell $1.6 billion in GBTC shares. Bloomberg's James Seyffart estimates at least $1.4 billion worth of GBTC shares have been sold.

Experts, including Seyffart, believe Bitcoin's price may not suffer significantly due to Genesis' sell-off. Bloomberg's ETF expert, Eric Balchunas, notes the resilience of Bitcoin ETFs, minimizing the risk of a major sell-off.

In January, the SEC approved 10 spot Bitcoin ETFs after a decade of denials. These ETFs showcase high liquidity and resilience, according to Arkham Intelligence’s CEO, Miguel Morel.

Julio Moreno, head of research at CryptoQuant, suggests that increased Bitcoin demand from ETFs could offset selling pressure. CryptoQuant data indicates relatively low unrealized profits for short-term Bitcoin holders, implying low selling pressure.

Despite concerns about Genesis' GBTC sale, experts remain cautiously optimistic. The strength of Bitcoin ETFs and market resilience are seen as mitigating factors, with the overall sentiment suggesting the market may absorb the selling pressure without a significant downturn. Stay tuned as the crypto landscape continues to evolve.

#JulioMoreno #CryptoQuant #gbtc #BTC #GRAYSCALE

#Meme #gbtc a#fomo

🔥🔥Interesting Fact🔴🔴

🤔DID ONE WHALE CAUSE BITCOIN’S 15% CRASH⁉️

- While most are attributing #Bitcoin  ’s price slump to #ETF approval proving a ‘sell-the-news’ event, on-chain analyst @jvs_btc thinks there’s another reason…

- He believes that mass sell-pressure from a single whale wallet, that foolishly bought $BTC at nearly $50,000 could have been behind the price tank…

“This is why (in my opinion) on Jan. 12, Bitcoin had its largest 1-day drawdown since the FTX collapse and tanked after the ETF started trading”, wrote Van Straten

✍️The Story…

- The whale in question amassed a staggering stack of more than 100,000 #BTC back in 2021.

- Unfortunately for the whale, they made their purchase at a time when $BTC was worth a full $48,000.

- this mean their stacks amounted to some $4.8 billion at the time.

- As we know, Bitcoin’s price then collapsed to below $17,000 in December 2022.

- This led the whale to quietly #HODL their stacks, no doubt livid at the near 70% unrealized loss they were sitting on.

- Therefore, when #BTC  reached $49,000 just days ago, the chance to exit was too good to pass up.

- Even with the small difference between entry and exit, the holder still made away with some $100 million in profit.

- Nonetheless, their win was the market’s loss, and the sell pressure…

“sent the market into a frenzy, combined with liquidations, "sell the news" and record loss-taking"

- Van Straten puts the story into context, explaining that “ #gbtc has only sold 27k Bitcoin with similar demand”.

- This only serves to make his theory all the more feasible…

Bitcoin spot ETFs had a total net outflow of $15.6439 million yesterday, and the ETF net asset ratio reached 4.21%

Yesterday (May 7, Eastern Time), Bitcoin spot ETFs had a total net outflow of $15.6439 million. Yesterday, Grayscale ETF GBTC had a single-day net outflow of $28.613 million, and the current historical net outflow of GBTC is $17.487 billion.

The Bitcoin spot ETF with the largest single-day net inflow yesterday was Invesco and Galaxy Digital's ETF BTCO, with a single-day net inflow of $5.9903 million, and the current total historical net inflow of BTCO reached $284 million. The second was Fidelity ETF FBTC, with a single-day net inflow of $4.1394 million, and the current total historical net inflow of FBTC reached $8.134 billion.

As of press time, the total net asset value of the Bitcoin spot ETF is US$52.21 billion, the ETF net asset ratio (market value to the total market value of Bitcoin) is 4.21%, and the historical cumulative net inflow has reached US$11.762 billion.

#3friends View
1. #Grayscale #gbtc Fund outflow of $16.1 million:
2. The UK will hold a general election on July 4, and the Conservative Party may lose power;
3. The asset management company modified its #ETF file;
4. Joseph Lubin expects Ethereum ETF application to be approved;
5. $BTC has a pin-down phenomenon,
6. US lawmakers require SEC-FINRA to provide Prometheum $ETH custody records;
7. The US Securities and Exchange Commission submits proposed rule changes:
8. US stocks closed down;
9. Artificial intelligence token prices rose:
10. Bitcoin prices are ready for greater volatility.

Recent data from #Bloomberg shows a significant shift in #BitcoinETFs! Grayscale's #gbtc faced over $4 billion in outflows in just 8 days post-SEC's approval of new ETFs, while rivals like BlackRock's #IBIT and Fidelity's #FBTC saw nearly $5 billion inflows. This trend signals a changing investor preference in the Bitcoin ETF market. $BTC

After the U.S. stock market opens tonight, the ETF custody address will have a net inflow of about 476 BTC

On April 23, a total of eleven spot Bitcoin ETFs attracted a net inflow of $31.64 million. This means that after the U.S. stock market opens tonight, the ETF custody address will have a net inflow of about 476 Bitcoins.

The specific situation is as follows:

Outflow: Grayscale (GBTC), Invesco (BTCO), VanEck (HODL) outflowed about 1,039 Bitcoins (corresponding to an outflow of $69.09 million on April 23).

Inflow: The remaining eight ETFs inflowed about 1,515 Bitcoins (corresponding to an inflow of $100.73 million on April 23).

As of now, these eleven spot Bitcoin ETFs hold a total of 839,317 BTC (worth $55.78 billion). $BTC #gbtc #hodl #BTC

The decline of #Bitcoin continues: less than $40,000 seen – What is causing the hemorrhage? What about liquidations?

Looking at the overall picture, it was noted that the price of $BTC decreased by around 5% in the last 24 hours.

The situation is no different on the altcoin side, and many altcoins have seen declines at similar rates to Bitcoin.

The reason for this decline lies in the releases of Grayscale's $GBTC product and therefore the significant amount of sales of #BTC . In today's developments, it was revealed that the bankrupt FTX management has sold approximately $1 billion worth of BTC since GBTC became a spot ETF.

Grayscale's #gbtc now has 563,000 BTC after the sale, compared to 613,000 BTC before the spot ETF.

On the liquidation side, with the recent declines, a total of $65 million in liquidation has taken place in the cryptocurrency market in the last hour. Of these, $63 million was in long positions and $2 million was in short positions.

PS: Don't forget if you can give me a small tip to support me and encourage me to continue and thank you.

#BTCETFSPOT

I guess Barry (#gbtc ) might ruin the setups. This is absurd at this point. So many setups have been ruined due to gbtc selling.

GBTC still has $BTC worth more than 22 billions 😳📉📉📉📉

Leading up to the approval of spot #ETFs in January, speculation surged, leading Long-Term Holders ( #LTH ) to either cash out for profit or reallocate their holdings into new #ETFs. products.

This resulted in a significant decrease in LTH supply balance by approximately 299.5K #BTC since November, from a peak of 14.996M BTC. Notably, analysis of #gbtc flows, with around 661k BTC inflow and 151.5K #BTC outflows in 2021, suggests that remaining LTH supply, totaling 148K #BTC, is being spent by investors.

This trend aligns with previous research indicating LTHs begin distributing their holdings as the market approaches all-time high prices.

#Write2Earn #The_Bitcoinbull

by @Bitcoin Bull

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[Breaking news] GBTC negative premium has shrunk to -8.6%, which is “the most likely indicator related to the probability of Bitcoin ETF approval”

- This is the lowest level on record in recent years and negative premiums have not been this close to zero since July 2021.
-Premium deduction at the end of last year was -50%
#gbtc #ARKB是BRC20一道靓丽的风景线美国sec批准的第一个比特币现货ETF， #etcs #etf #BRC20
$BTC $ETH $BNB

BlackRock IBIT's trading volume reached $1.24 billion, while Grayscale GBTC's trading volume was $526 million.
According to news on April 17, the trading volume data of Bitcoin spot ETFs on April 16 are as follows:
BlackRock IBIT: $1.24 billion
Grayscale GBTC: $526 million
Fidelity FBTC: $421 million
ProShares BITO: $273 million
ARKB: $97 million
BITB: $79.81 million
#gbtc #比特币 #FBTC #ARKB

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Have a look #DeFiChallenge #BinanceSquare #gbtc #etf $BNB $XRP #