Similar Stories to Gbtc Bitcoin Etf Holdings Drop Before Halving on Bing News

The Grayscale Bitcoin Trust (GBTC), a prominent Bitcoin investment product, has seen a significant decline in its Bitcoin (BTC) holdings. This is despite the outflows recently slowing down. According to the data shared by K33Research senior analist Vetle Lunde, the GBTC’s spot Bitcoin ETF holdings have dropped by 50%, from 619,220 BTC on the first day of trading on January 11 to 309,871 BTC on April 16. GBTC has officially halved ahead of the halving. Grayscale has seen net outflows of 310,611 BTC in the 66 trading days since its conversion.

BING NEWS:
  • Bitcoin (BTC) News Today: BTC at Sub-$67K Amid ETF Outflows and Fed Uncertainty
    US BTC-spot ETF market weekly outflows from the week ending June 14 limited the upside. The US BTC-spot ETF market ended a five-week net inflow streak, with total weekly net outflows of $580.6 million ...
    06/15/2024 - 6:00 pm | View Link
  • Bitcoin ETF returns to outflows: Buying the dip is still working as BTC bounces from lows
    Check out how Bitcoin ETF fund outflows served as “buy the dip” signal, which caused BTC to bounce back from its recent lows under $67,000.
    06/12/2024 - 6:02 pm | View Link
  • Spot Bitcoin ETFs record $200M in outflows as BTC price struggles
    The spot Bitcoin ETF market in the US saw another day of outflows, with $200 million exiting on Tuesday, June 11. Bitcoin price fell sharply amid the outflows and as the market awaits key ...
    06/12/2024 - 12:25 am | View Link
  • Bitcoin (BTC) News Today: BTC Slips on ETF Outflows Amid US CPI and Fed Rate Fears
    The US CPI Report, the Fed, and BTC-spot ETF market flow data require consideration. Conversely, a BTC fall through the 50-day EMA could signal a drop toward the $64,000 support level. With a 46.64 14 ...
    06/11/2024 - 4:00 pm | View Link
  • Bitcoin Slips Below $67K, ETFs See Outflows Ahead of Fed Meeting, Inflation Data
    Key Takeaways The bitcoin price fell below $67,000 on Tuesday morning.Tomorrow's CPI data release and Federal Reserve meeting could further impact the bitcoin price.Bitcoin's price drop followed the ...
    06/11/2024 - 4:55 am | View Link
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