Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January
Submitted by Anonymous (not verified) on Sat, 05/04/2024 - 03:30GBTC, the biggest spot bitcoin ETF, has seen its assets under management lead over BlackRock's IBIT shrink.
GBTC, the biggest spot bitcoin ETF, has seen its assets under management lead over BlackRock's IBIT shrink.
Bitcoin surged to $63,000 after Grayscale's GBTC ETF recorded a turnaround with $63 million in new inflows.
Kraken's subsidiary, CF Benchmarks, manages indexes for roughly $24 billion worth of crypto ETFs, including BlackRock's US-based Bitcoin fund.
London-based CF Benchmarks, a unit of crypto exchange Kraken, is positioning itself as a notable beneficiary of the surge in spot Bitcoin ETFs this
CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.

The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, the firm's
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