Bitcoin

Spot

Grayscale Bitcoin Trust

Spot Bitcoin ETFs experienced their largest three-day withdrawal since their launch in January. 
The trend marked a significant shift from the high demand propelling <a href="https://crypto.news/price/bitcoin/">Bitcoin</a> to its all-time high. Between Monday and Wednesday, these ETFs saw a withdrawal of $742 million, indicating substantial outflows from the Grayscale Bitcoin Trust alongside a decrease in new investments in competing funds by significant firms such as BlackRock and Fidelity Investments. 
Despite this, according to Bloomberg data, the <a href="https://crypto.news/grayscale-ethereum-trust-spot-etf/">ETFs</a> have attracted $11.4 billion in net investments since inception, making them among the most successful ETF launches. The Grayscale Bitcoin Trust, now an ETF, reported $13.3 billion in outflows. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="807" height="393" src="https://crypto.news/app/uploads/2024/03/achievements.png" alt="Bitcoin etf inflow" class="wp-image-14260071">
 <figcaption class="wp-element-caption">
 Spot Bitcoin ETF inflow | Source: <a href="https://www.bloomberg.com/news/articles/2024-03-21/us-spot-bitcoin-btc-etfs-post-largest-three-day-outflow-since-launch" target="_blank" rel="noopener">Bloomberg</a>
 </figcaption>
</figure> 
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While global stocks and gold continued to rise, Bitcoin’s rally cooled as the market digested the ETF outflow data. However, Bitcoin’s value surged over 5% today, fueled by the Federal Reserve’s indications of potential interest rate cuts, which lifted various asset classes.&nbsp; 
The stock price of Bitcoin-related companies has also seen notable gains today after a week-long decline. <a href="https://www.marketwatch.com/investing/stock/mstr" target="_blank" rel="noopener">MicroStrategy</a>, the largest holder of BTC, saw its share price increase by 15% today. Stocks from leading BTC mining companies like <a href="https://www.marketwatch.com/investing/stock/mara" target="_blank" rel="noopener">Marathon Digital</a> and <a href="https://www.marketwatch.com/investing/stock/riot" target="_blank" rel="noopener">Riot Platforms</a> also recovered slightly today following Bitcoin’s recovery.&nbsp; 
 Read more: <a href="https://crypto.news/ofac-sanctions-two-pro-kremlin-supporters-with-garantex-ties/"> OFAC sanctions two pro-Kremlin supporters with Garantex ties </a>

Bitcoin ETFs see record $742m in outflows over 3 days

crypto.news

2024년 3월 21일에 게재된 다른 기사

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