As a direct result of the massive inflows into the BTC ETFs and a supporting bull run, the daily inflows of capital being stored by the Bitcoin network just hit $2 billion per day, marking yet another milestone for the ecosystem.
Bitcoin Investment Trust News
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Of the 10 approved ETFs, the Grayscale Bitcoin Trust and Invesco Galaxy Bitcoin ETF were the only two to record net outflows of $332.5 million and $14.2 million, respectively, on March 5.
14383Bitcoin has surpassed its old all-time high of $69,000 with help from Wall Street’s pump into the new U.S.-based spot Bitcoin ETFs.
4435Three-quarters of new investment is estimated to come from ETFs as Bitcoin breached the $50,000 mark.
7871Bitcoin ETFs could revolutionize the average investment portfolio, but BTC’s characteristics as an asset class could change.
3603Companies such as LPL Financial Holdings are currently conducting due diligence on the newly approved Bitcoin ETFs.
18102Grayscale has a “massive” head start, but will the Wall Street firms like BlackRock and Fidelity soon overtake GBTC?
9159Nearly $1.8 billion flowed into crypto investment products over the last 10 weeks, which hasn’t been seen since Bitcoin futures were launched in October 2021.
7202The Republican presidential candidate also pledged to rescind all federal regulations that fail a new Supreme Court test, a potential positive for crypto.
7164Bloomberg ETF analysts raised their odds for a spot Bitcoin ETF approval after the recent Grayscale victory against the Securities and Exchange Commission.
11908Fir Tree hinted at potential additional litigation against Grayscale and parent company Digital Currency Group based on what its GBTC documentation may reveal.
4866Bitcoin investment products have experienced $310.6 million in inflows over the last two weeks.
5651Grayscale Bitcoin Trust conversion to an ETF will unlock a potential sale of up to $18 billion in Bitcoin.
21015Artificial intelligence could prove to be a boon for investors looking for gains in today's “unusual” market.
4408Investment managers WisdomTree and Invesco have filed for spot Bitcoin ETFs, hot on the heels of BlackRock.
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