GBTC

Grayscale’s strategy may not work as well as BlackRock’s similar actions in other ETF segments, Morningstar executive argues

The US fund segment snapped a five-day net outflow streak on Friday ahead of the bitcoin halving that night

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

Bankrupt lender Genesis has “fully monetized” its nearly 36 million GBTC shares, court documents show

Bitwise’s chief investment officer said he expects major wirehouses to start clearing access for the US BTC funds in a few weeks

According to a filing Tuesday, GBTC will seed BTC

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

The Grayscale fund has averaged daily net outflows of about $338 million this week, BitMEX Research data shows

A source close to Grayscale told Blockworks that the fund was seeded with Grayscale capital on Oct. 2, 2023

Before Grayscale converted its trust, Osprey’s trust was a competitor

The 10 spot bitcoin ETFs have roughly the same amount of assets as the first physically backed gold ETF by State Street Global Advisors

The iShares Bitcoin Trust saw about 40% of the 10-fund category’s trading volumes last week, hitting $10 billion in assets under management

BlackRock’s bitcoin ETF is well on its way to eclipsing MicroStrategy for total bitcoin held

Net inflows into the 10 US spot BTC funds dropped from a record $673 million Wednesday to $92 million Thursday

BTC funds from BlackRock, Grayscale Investments and Fidelity each notched at least $1 billion in trade volumes Thursday as crypto rally continues

The funds’ net inflows surge of $673 million came on a day during which BTC’s price climbed to roughly $64,000

GBTC operator’s “eyes and ears are open” when approached about potential strategic deals, CEO Michael Sonnenshein says

A lawyer for Genesis put the value of the Grayscale shares around $1.6 billion

Bitwise Chief Investment Officer Matt Hougan says he expects a “secondary acceleration” for spot bitcoin ETF flows in a few months

The net inflows into US spot bitcoin funds nearly doubled from $700 million to $1.2 billion week over week, as GBTC outflows continue to slow

A hearing on the motion will take place on Thursday, Feb. 8

CoinShares data shows GBTC outflows decreased from $2.2 billion to $927 million week over week, while BlackRock and Fidelity asset gains continue

As BlackRock’s fund approaches $3 billion of net inflows, Grayscale’s product has bled more than $5.6 billion in assets since converting to an ETF

The hype around bitcoin ETFs is fading, analysts noted