Global Bitcoin ETP holdings over 900,000 BTC as Grayscale outflows ‘subside’
Global Bitcoin ETP holdings over 900,000 BTC as Grayscale outflows ‘subside’Grayscale's outflow continue to dominate weekly outflows, despite data indicating that trend might be receding.
Happy Tuesday!The global crypto market cap is $1.67 trillion, with a 24-hour volume of $57.11 billion. The price of Bitcoin is $43,288.62, and BTC market dominance is 50.9%. The price of Ethereum is $2,344.03, and ETH market dominance is 17.0%. The best-performing sector is AI, which gained 11%. The Crypto Fear & Greed Index is currently Greed (61). Top News
Global Bitcoin ETP holdings over 900,000 BTC as Grayscale outflows ‘subside’Grayscale's outflow continue to dominate weekly outflows, despite data indicating that trend might be receding. Bitcoin surges to $43k as ETF inflows outpace sell pressureEarly trading data from Bloomberg revealed that iShares Bitcoin Trust (IBIT) had surpassed GBTC in trading volume, indicating a resurgence in investor confidence. Fidelity inflows smash Grayscale outflows as $255 million Bitcoin enters US marketGrayscale retains liquidity lead in crypto ETF space despite declining outflows Latest InsightsMore NewsTD Cowen expects spot Ethereum ETF no earlier than 2025 or 2026May 2024 approvals may be unlikely due to Gary Gensler's political career. Great technology is invisible: Unveiling the seamless future of blockchain applicationsBlockchain's user experience lags as dApps struggle with low retention rates and user satisfaction. New zero fee standard for Bitcoin ETFs creates cheap custodial alternative to exchangesFor the next 6 months most ETFs waive fees entirely as competition heats up. EU agency says crypto firms can sometimes serve non-European usersForeign clients may be able to initiate services from EU-based companies. Crypto hacks, scams down 27.78% YoY: PeckshieldAccording to PeckShield, 2023 saw over 600 major hacks in the crypto space that culminated in a loss of approximately $2.61 billion.
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