Bitcoin | Ethereum | Altcoin

2024-04-10 10:55:21 GBTC Drops Nearly 3,000 BTC in a Day as Blackrock, Fidelity Command Record Inflow Streaks

As of yesterday, GBTC possessed 325,686.78 BTC, but as per Grayscale’s website, this figure has diminished to 322,697.17 BTC today. This indicates a reduction of 2,989.61 BTC from its holdings in just one day. On April 8, the fund experienced a substantial outflow of $303 million, dragging the total net flows of all ETFs into the red, even though every other fund recorded inflows. GBTC’s holdings are currently valued at approximately $23.12 billion, and since Jan. 12, 2024, the fund has reduced its bitcoin holdings by a total of 294,382.82 BTC.

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2024-04-09 20:10:26 Fidelity’s FBTC spot Bitcoin ETF surpasses 150,000 BTC within three months

Fidelity’s FBTC spot Bitcoin exchange-traded fund has officially crossed 150,000 in assets under management. The newborn-nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — total more than 520,000 BTC. Fidelity’s FBTC has amassed a total of 150,563 BTC in assets — worth around $10.1 billion at current prices — according to the funds’ latest disclosure. Of the newborn-nine ETFs, BlackRock’s IBIT currently leads with 263,937 BTC ($18.5 billion) and Ark Invest 21Shares’ ARKB is third with 43,726 BTC ($3.1 billion), according to CoinGlass data.

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2024-04-09 10:39:52 BlackRock and Fidelity’s Bitcoin ETFs make history with record streak of inflows

BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Trust (FBTC) have broken another record by becoming two of the top 20 exchange-traded funds with the longest streak of continuous inflows of all time. Bloomberg ETF analyst Eric Balchunas observed on April 8 that the two spot Bitcoin ETFs have seen continuous inflows since their launch 59 trading days ago. IBIT and FBTC will enter the top 10 ranking if they continue to see inflows for another 11 days.

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2024-04-08 21:44:53 BlackRock IBIT ETF nears $15 billion net milestone amid $308 million inflow

Farside data revealed a $203.0 million net inflow on Apr. 5, marking the Bitcoin ETFs’ fourth consecutive net inflow day. This trend suggests a growing interest and confidence in the digital asset space among investors. Notable among the ETF providers is BlackRock’s IBIT, which saw a substantial net inflow of $308.8 million, bringing its cumulative total net inflow to $14,769.1 billion. This represents the biggest net inflow day for IBIT since March 27, underscoring the fund’s growing prominence in the market.

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2024-04-08 10:24:53 Bitcoin ETF activity to remain robust until the halving: Santiment

Spot Bitcoin exchange-traded fund (ETF) flows are likely to remain high until the Bitcoin halving later this month, according to on-chain analytics firm Santiment. The blockchain data firm observed that Bitcoin ETF volume hasn’t slowed since the asset hit an all-time high in mid-March, adding, “Trader activity is still notably higher than the turning point that began in late February after an influx of individual trading began” in a post on X on April 8.

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2024-04-07 21:11:54 NEW: Korea's opposition Democratic Party is doubling down on Bitcoin for 2024 election – Bloomberg

"We're going to allow the ETFs, domestic or overseas."

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2024-04-07 10:19:54 Bitcoin halving will have to battle with ‘weak time of year’ — Coinbase

Coinbase explained that total crypto volumes are slowing down due to the market attempting “to find the next narrative to power it higher.” Many crypto traders are eyeing the Bitcoin halving event as a primary driver for a potential price spike, but the time of year will be an obstacle, according to cryptocurrency exchange Coinbase. The crypto market will need to find another narrative to further push up prices across the board, Coinbase further explained in its April 5 market commentary report.

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2024-04-06 21:44:55 BlackRock Adds Goldman Sachs, Citigroup, UBS as APs for Bitcoin ETF

BlackRock (BLK) has added five additional authorized participants (APs) to the iShares Bitcoin Trust (IBIT), bringing the total number to nine as the fund continues to attract billions of dollars from investors. The new APs include Wall Street banking giants Goldman Sachs, Citadel Securities, Citigroup and UBS as well as clearing house ABN AMRO, according to a prospectus filed with the U.S. Securities and Exchange Commission (SEC). They join Jane Street Capital, JP Morgan, Masquarie and Virtu Americas.

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2024-04-06 11:49:55 Genesis purchases $2.1B of Bitcoin following GBTC sell-off

Bankrupt crypto lending firm Genesis reportedly offloaded about 36 million shares of Grayscale Bitcoin Trust (GBTC) to acquire additional Bitcoin as part of its preparations to settle its debts with creditors. According to a recent Bloomberg report, Genesis liquidated approximately 36 million GBTC shares on April 2, valued at approximately $58.50 per share at that time. The share price has climbed by approximately 50% since Genesis initially sought permission from the U.S. bankruptcy court to sell the 36 million GBTC shares on Feb. 2, when the shares were at $38.50.

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2024-04-05 18:44:55 Bitcoin-like mining is taking off on Solana with Ore

Bitcoin-like mining has come to the Solana blockchain with a project called Ore, and its success is increasing strain on the network. Ore takes the core idea behind mining, where a miner solves cryptographic puzzles to secure the network while earning crypto, and applies it to its own token’s launch on the Solana blockchain. Miners can take home a share of 1 ORE per minute, distributed by the number of puzzles they each solve. The supply of ORE is set to reach 21 million tokens after 42 years but it has no maximum supply limit.

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