Bitcoin faces its “biggest headwind” in the form of GBTC outflows, but the good times could be back for BTC price action after next week, predictions say. Bitcoin could already be seeing “momentum turning” as institutional BTC outflows recede. The latest data from sources, including United Kingdom-based investment firm Farside shows the Grayscale Bitcoin Trust (GBTC) losing just…
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Grayscale’s GBTC has just notched its largest day of outflows since its launch, though ETF analysts are optimistic that BTC ETFs are only just starting to gain momentum. More than $640 million worth of Bitcoin flowed out of crypto asset manager Grayscale’s spot Bitcoin ETF on March 18, marking the largest day of outflows for the…
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Grayscale’s ETF bleeding has slowed again, while other funds have seen another strong day of inflows, lifting them to a fortnightly high. Grayscale’s spot Bitcoin exchange-traded fund (ETF) has seen its third consecutive trading day of slowing net outflows, hitting a record low of $22.4 million as ETFs combined hit a two-week net inflow high.…
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According to one market commentator, the planned sale of more than 2,900 Bitcoin is insignificant in comparison to the withdrawals from Grayscale’s ETF. The US government’s arranged offer of almost $118 million in held onto Silk Street Bitcoin BTC ought not be viewed as a reason to worry, as per market pundits. Following the Jan.…
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Everyday surges from the Grayscale Bitcoin Trust have tumbled to the most reduced sum since send off day, in what some expectation is the start of the finish of the departure. Surges from Grayscale’s Bitcoin Trust (GBTC) have eased back for the second day straight — provoking a promising sign that a multibillion-dollar Bitcoin BTC…
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Bitcoin price faces additional headwinds as the U.S. Dollar Index gains strength and Grayscale’s GBTC selling continues. Bitcoin BTC merchants are faltering from the ongoing auction, with the as of late sent off spot Bitcoin trade exchanged reserves (ETFs) neglecting to create the ideal cost potential gain. Notwithstanding consistent Grayscale Bitcoin Trust (GBTC) surges affecting…
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Central issues: Alameda Exploration looks for help from GBTC investors in a claim against Grayscale and DCG. Share redemption prevention and excessive fees are the subject of the lawsuit. Grayscale faces legitimate strain in the midst of more extensive GBTC rebate. Alameda Research, a bankruptcy-prone cryptocurrency investment firm, is asking shareholders who own at least…
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