GBTC
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fbtc-neon-blue.jpg&w=1536&q=40)
Roughly $1.1 billion has left the US spot funds since June 13 as BTC price is down more than 10% in past month
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fbtc-pixel-stripy.jpg&w=1536&q=40)
The Federal Reserve leaving interest rates unchanged likely prompted investors to scale back exposure to fixed-supply assets, CoinShares research head says
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Fbtc-pink.jpg&w=1536&q=40)
BlackRock’s iShares Bitcoin Trust is on the cusp of passing Grayscale’s GBTC in assets under management
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Fbtc-lego-purple.jpg&w=1536&q=40)
BlackRock’s spot bitcoin ETF has seen zero or negative flows nine times since its 71-day net inflow streak ended on April 24
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Fgbtc-pixellated.jpg&w=1536&q=40)
Grayscale’s spot bitcoin ETF notched positive flows for the first time since becoming an ETF, ending a 78-day outflow run
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2FED_Bitcoin_GeneralUse_20231213e-1.jpg&w=1536&q=40)
The world’s largest asset manager sees BTC fund outflows for the first time, while the most money left Fidelity’s product
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2Fmichael-sonnenshein.jpg&w=1536&q=40)
Grayscale’s strategy may not work as well as BlackRock’s similar actions in other ETF segments, Morningstar executive argues
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2Fpink-purple-bitcoin.jpg&w=1536&q=40)
The US fund segment snapped a five-day net outflow streak on Friday ahead of the bitcoin halving that night
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2FGBTC-outflows-Michael-Sonnenshein.jpeg&w=1536&q=40)
GBTC’s net outflows of $17.5 million on Wednesday mark the fund’s lowest in a single day since it converted to an ETF on Jan. 11
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2Fbitcoin-green-up.jpg&w=1536&q=40)
Bankrupt lender Genesis has “fully monetized” its nearly 36 million GBTC shares, court documents show
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2FTony-Ashraf-BlackRock.jpg&w=1536&q=40)
Bitwise’s chief investment officer said he expects major wirehouses to start clearing access for the US BTC funds in a few weeks
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Fgrayscale-new-logo.jpg&w=1536&q=40)
Weekly net inflows into US spot bitcoin ETFs hit $2.2 billion again as BlackRock’s fund has grown to about half the size of GBTC
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Fgrayscale-gbtc-etf.jpg&w=1536&q=40)
The Grayscale fund has averaged daily net outflows of about $338 million this week, BitMEX Research data shows
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Fmichael-sonnenshein.jpg&w=1536&q=40)
A source close to Grayscale told Blockworks that the fund was seeded with Grayscale capital on Oct. 2, 2023
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Fgold-bars.jpg&w=1536&q=40)
The 10 spot bitcoin ETFs have roughly the same amount of assets as the first physically backed gold ETF by State Street Global Advisors
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Fbitcoin-blue-bg.jpg&w=1536&q=40)
The iShares Bitcoin Trust saw about 40% of the 10-fund category’s trading volumes last week, hitting $10 billion in assets under management
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Fred-bitcoin-circle.jpg&w=1536&q=40)
BlackRock’s bitcoin ETF is well on its way to eclipsing MicroStrategy for total bitcoin held
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2FED_Michael-Sonnenshein_20231122b.jpg&w=1536&q=40)
Net inflows into the 10 US spot BTC funds dropped from a record $673 million Wednesday to $92 million Thursday
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fred-bitcoin-neon.jpg&w=1536&q=40)
BTC funds from BlackRock, Grayscale Investments and Fidelity each notched at least $1 billion in trade volumes Thursday as crypto rally continues
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2FED_LarryFink_20231229a-1.jpg&w=1536&q=40)
The funds’ net inflows surge of $673 million came on a day during which BTC’s price climbed to roughly $64,000
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fgrayscale-new-logo.jpg&w=1536&q=40)
GBTC operator’s “eyes and ears are open” when approached about potential strategic deals, CEO Michael Sonnenshein says
Get the daily newsletter that helps thousands of investors understand the markets.