BlackRock’s Spot Bitcoin ETF Volume Topping GBTC Today, Signaling Market Shift
Bitcoin pumps to over $43,000 as GBTC selling pressure weakens.
Tag: Gbtc
Crypto News 10 months ago
Crypto News 10 months ago
GBTC Outflows: Forecasting Total Bitcoin Selling Pressure & Market Impact
Despite $824 million of net inflows since Spot ETF approval, bitcoin fell 19% in part from $4.39 billion bleeding out of GBTC. This is good for Bitcoin.
Crypto News 10 months ago
Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says
An additional $1.5 billion could exit GBTC, putting more pressure on the bitcoin price in the coming weeks, the report said.