Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

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The Bloomberg Terminal account on the X platform has reported that the share price of Grayscale Bitcoin Trust has dropped a substantial 11% premarket. It is currently changing hands at $53,22 per share.
This happened after Grayscale’s <a href="https://u.today/adam-back-issues-major-bitcoin-etf-prediction" rel="noopener noreferrer nofollow">spot Bitcoin ETF</a> faced another major outflow on July 30. On the same day, it also lost a massive amount of Ethereum from its second recently converted spot ETF.
<blockquote>
 🔸GRAYSCALE BITCOIN TRUST SHARES DROP 11% PREMARKET— *Walter Bloomberg (@DeItaone) <a href="https://twitter.com/DeItaone/status/1818260494370886116?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 30, 2024</a>
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<h2 id="grayscale-btc-etf-shares-plummet-as-withdrawals-continue">Grayscale BTC ETF shares plummet as withdrawals continue</h2>
According to a tweet published by the @lookonchain analytics account, on Monday, July 29, nine spot Bitcoin ETFs saw a cumulative positive netflow of 601 Bitcoin evaluated at more than $41.32 million.
BlackRock’s IBIT ETF registered a massive 341 BTC inflow worth $23.5 million. Now, this largest spot Bitcoin fund holds 338,470 Bitcoins in total. It is the equivalent of a mind-blowing $23.28 billion.
However, the Bitwise ETF dwarfed IBIT’s daily inflow with 463 BTC. So did Invesco Galaxy Bitcoin ETF, as it saw 354 Bitcoin coming in on Monday. However, BlackRock remains the biggest Bitcoin spot ETF as, over the last week, according to Lookonchain, it accumulated a whopping 11,290 BTC.
As for Grayscale, its spot Bitcoin ETF saw an outflow of 623 Bitcoin.
<h2 id="grayscale-ethereum-etf-loses-big-eth-chunk">Grayscale Ethereum ETF loses big ETH chunk</h2>
The same account reported daily inflows registered by the <a href="https://u.today/its-over-ethereum-etfs-disappoint-community-with-massive-outflows" rel="noopener noreferrer nofollow">spot Ethereum ETFs</a>. Grayscale has seen a massive 111,023 ETH outflow – this amount of crypto is equal to $369.7 million. The fund currently holds 2,280,661 ETH, worth close to $7.6 billion.
<blockquote>
 July 29 Update:9 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETFsNetFlow: +601 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>(+41.32M)🟢<a href="https://twitter.com/hashtag/iShares?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#iShares</a>(Blackrock) inflows 341 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($23.5M) and currently holds 338,470 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($23.28B).9 <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> ETFsNetFlow: -44,413 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>(-147.9M)🔴<a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Grayscale</a> outflows 111,023 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($369.7M) and currently holds 2,280,661… <a href="https://t.co/HaTV6CXevp" rel="noopener noreferrer nofollow">pic.twitter.com/HaTV6CXevp</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1817934889020465487?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2024</a>
</blockquote>
However, Grayscale Ethereum Mini Trust has welcomed 18,601 ETH. BlackRock’s Ethereum fund sucked in a whopping 26,667 ETH equal to $89,262,449.

Grayscale Bitcoin Trust Shares Plunge as Outflows Continue

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