Investors pulled $200 million from U.S. bitcoin ETFs on Tuesday, likely de-risking ahead of key inflation and Fed reports due Wednesday. The outflows, the highest since May 1st, came amid a bitcoin selloff that saw prices briefly dip below $66,200. Grayscale’s GBTC accounted for $120 million of the redemptions, leading all bitcoin ETFs in outflows.
Grayscale’s Bitcoin Trust (GBTC), the world’s largest spot Bitcoin ETF, appears to be witnessing a turnaround after facing significant outflows since the introduction of spot Bitcoin (BTC) ETFs in January. According to data provided by Farside Investors, GBTC saw $3.9 million in net inflows on May 6, marking its second consecutive day of inflows. While
The cryptocurrency market is abuzz with anticipation as the highly-awaited Bitcoin “halving” event approaches on or around April 20th, 2024. Considered one of the most significant occurrences in the digital asset realm, this halving will see the reward for mining new Bitcoin blocks reduced by half. Historically, such events have often been preceded by surges
BitMEX, a cryptocurrency derivatives exchange, is sending a physical bitcoin to the moon. The bitcoin wallet, shaped like a coin, will land on the lunar surface aboard the Peregrine spacecraft, marking the first financial asset to touch the moon, according to BitMEX. Bitmex Sending Bitcoin to the Moon Crypto derivatives exchange BitMEX made a notable
While 2023 saw Bitcoin take a wild ride, with dramatic dips fueled by industry shake-ups like FTX and Terra, a surprising trend emerged: businesses accepting Bitcoin skyrocketed by a whopping 174%. BTC Map data reveals a stunning transformation – by year’s end, 6,126 restaurants, bars, shops, and services embraced the digital currency, compared to a