GBTC outflows slow, signalling possible rebound; $GFOX set for major rally
Available data and expert submissions show Grayscale’s Bitcoin Trusts (GBTC) outflows are trending down, suggesting that the dumping spree may soon end. Although the outflow number is still considerably large, a rebound looks to be on the horizon for $BTC prices, and investors’ confidence is gradually returning. Galaxy Fox holders also expect a significant rally from […]
Bitcoin remains the focus as outflows hit March highs
Digital assets investment products saw outflows of $168 million last week, $146 million of which was for Bitcoin. It’s the largest weekly outflows total since March 2023, according to a report by CoinShares. CoinShares’ latest weekly report on digital asset investment flows shows that the market witnessed its largest funds outflows in nearly six months […]
Bitcoin drops $28.8k amid huge crypto record huge outflows
Bitcoin price fell to $28,800 across major exchanges as Ethereum hit lows near $1,800. Equities also showed signs of uncertainty with mixed trading recorded. Crypto investment products saw outflows totaling $107 million, the primary focus being BTC. Bitcoin traded near the $28,800 early afternoon on Monday as caution dictated overall sentiment across the market. Stocks […]
Crypto investment products saw outflows of $6.5M last week
About $6.5 million flowed out of funds tracking different cryptocurrencies last week. Bitcoin recorded $13 million in outflows, while Ethereum benefited from XRP-driven sentiment to record $6.6 million in inflows. The minor outflows follow 4 consecutive weeks of inflows. CoinShares’ latest report on digital assets investment products suggests the industry saw minor outflows of $6.5 […]
Bitcoin price rose despite $25 million in product outflows
Bitcoin products saw $25 million in outflows last week, according to asset manager CoinShares. There was $3.7 million in short Bitcoin as investor sentiment flipped negative on recent regulatory concerns. But crypto prices still recorded huge moves, with BTC hitting a six-month high above $25,000. Bitcoin price hit its highest price level in six months […]