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2024-01-31 11:40:00 Grayscale crypto holdings up $1.2 billion since last week as Bitcoin surges

Bitcoin outflows from the Grayscale Bitcoin ETF, Bitcoin’s recent surge from $39,900 to over $43,500 has seen the value of Grayscale’s crypto holdings grow by $1.25 billion since the end of last week. While roughly 18,000 BTC has left the fund since Friday, as per Arkham Intelligence data, the price increases across the board offset this. Grayscale’s Bitcoin holdings are up $968 million, while its Ethereum holdings are up $298 million.

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2024-01-30 20:52:01 Binance allowing larger traders to hold funds at Sygnum Bank and FlowBank: FT

Crypto exchange Binance has reportedly begun allowing its larger traders to hold their assets at independent banks. In November, Binance announced a pilot banking triparty agreement with a third-party banking partner without naming the bank. That followed an earlier report from Bloomberg in May that the Swiss-based FlowBank and Liechtenstein-based Bank Frick were being explored as potential intermediaries for such a service.

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2024-01-30 11:40:00 Global Bitcoin ETP holdings over 900,000 BTC as Grayscale outflows ‘subside’

Bitcoin investment products experienced significant outflows last week, with a total withdrawal of $479 million. The top cryptocurrency has faced significant headwinds since the U.S. Securities and Exchange Commission (SEC) approved spot exchange-traded funds (ETF) in the country. Its value has declined by more than 12% to around $42,500 as of press time. This downturn has spurred bearish investors to turn to short BTC products, resulting in nearly $11 million in inflows last week.

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2024-01-29 21:07:04 Bitcoin Whales Boosted Coin Stash by $3B in January, Data Show

Crypto whales, or large investors, have accumulated $3 billion worth of bitcoin (BTC) this month, according to data tracked by onchain analytics firm IntoTheBlock. The amount of bitcoin held in wallets owning over 1,000 BTC has increased by roughly 76,000 BTC to nearly 7.8 million BTC. The leading cryptocurrency began the month positively, tapping highs above $48,900 on Jan. 11 with the debut of U.S.-based spot exchange-traded funds (ETFs).

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2024-01-29 09:37:01 73% of European Residents Are Confident in Crypto’s Future: Survey

The results revealed a trend of optimism, exclusive engagement with crypto assets, surging adoption, growing trust, and increasing utility. A vast majority of European residents have expressed optimism and confidence about the future of the cryptocurrency sector. According to a Binance Survey targeting users in France, Italy, Spain, and Sweden, around 73% of respondents are positive about the future of digital assets.

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2024-01-28 23:06:39 Bitcoin to target this price range after the 2024 BTC halving event

As Bitcoin (BTC) experiences a short-term bullish price trajectory, attention has shifted to the cryptocurrency’s ability to sustain the gains in the coming months. Indeed, Bitcoin is supported by several key catalysts, with the recently approved spot Bitcoin exchange-traded fund (ETF) considered a long-term driver. At the same time, the upcoming halving event also complements this bullish sentiment.

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2024-01-28 09:35:43 Bitcoin ETF ads may appear on Google starting Monday, community speculates

On Monday, Google is set to update its policies allowing certain cryptocurrency products to be advertised on the major search engine. Bitcoin exchange-traded funds (ETFs) appear likely to meet the criteria, sparking speculation within the crypto industry. In December 2023, Cointelegraph reported that Google’s crypto and related ads policy will be revised on Jan. 29, to allow ads from “advertisers offering Cryptocurrency Coin Trust targeting the United States.”.

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2024-01-27 23:36:15 $867 Million Erased — Grayscale's GBTC Experiences Record 20,803 Bitcoin Reduction in 24 Hours

Recent data from Grayscale’s GBTC spot bitcoin exchange-traded fund reveals a significant reduction in its holdings, with 20,803.83 bitcoin, valued at $867.98 million, being withdrawn from the fund’s reserves. This substantial outflow, occurring over the past 24 hours, marks the most considerable decrease in GBTC’s reserves since it transformed into a publicly-listed ETF on Jan. 11, 2024.

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2024-01-27 12:29:00 Bitcoin's price gains push BlackRock's ETF above $2 billion in assets under management

As the price of bitcoin rose on Friday, BlackRock's spot bitcoin ETF is positioned to reach the milestone of having $2 billion in assets under management with the firm's newly launched product continuing to dominate the new class of exchange-trade funds.

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2024-01-26 18:37:03 Bitcoin breaks back above $41,000 amid slowing GBTC outflows

The price of bitcoin rebounded above $41,000 this morning, with outflows for Grayscale’s GBTC converted spot ETF slowing for the third consecutive day. Data from BitMEX Research shows GBTC witnessed outflows of $394.1 million on Jan. 25, down from $429.3 million on Wednesday and $515.3 million on Tuesday. While the GBTC outflows remain very high, yesterday’s figure is the second-lowest since the first trading day for the spot bitcoin ETFs on Jan. 11.

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