BlackRock's Bitcoin ETF Surpasses Grayscale Amid $2B Inflows
TL;DR Summary
Interest in Bitcoin ETFs has surged, with significant inflows into newer funds like BlackRock's IBIT and Fidelity's FBTC, while Grayscale's GBTC saw outflows. Whale interest in Bitcoin has increased, potentially driving prices up, but retail investors are taking profits, which could exert downward pressure. Additionally, declining miner revenue may force miners to sell their holdings, further impacting Bitcoin's price.
- Bitcoin ETFs, whales, and retail holders – Here’s what’s going on AMBCrypto News
- Why is Bitcoin stagnated despite $2B in spot ETF inflows? Cointelegraph
- BlackRock's IBIT becomes largest spot bitcoin ETF, surpassing Grayscale's GBTC CNBC
- BlackRock's ETF becomes largest bitcoin fund in world, Bloomberg News reports Reuters
- Cryptos benefit from positive political developments, stock downtrend intensifies Kitco NEWS
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