Week Of Withdrawals: Crypto Funds Lose $500M As Grayscale’s Outflow Wanes
Submitted by Anonymous (not verified) on Mon, 01/29/2024 - 20:30The crypto market, particularly Bitcoin, has recently experienced significant outflows.
The crypto market, particularly Bitcoin, has recently experienced significant outflows.
Outflows from Grayscale's GBTC now total $5 billion, but appear to be subsiding, CoinShares head of research James Butterfill noted.

In a significant development for the cryptocurrency market, the United States Securities and Exchange Commission (SEC) has initiated proceedings on
The group of recently launched spot bitcoin exchange-traded funds (ETFs) are seeing combined negative flows for the first time since they opened fo
Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in
The U.S.
The CEO of the on-chain analytics firm CryptoQuant has suggested that Grayscale’s recent Bitcoin selling may not be behind the latest downtrend.
The days of rising crypto prices lifting all boats, including mining stocks, may be gone.
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