The Bitcoin ETF market is witnessing intense competition as Grayscale considers a spin-off for its GBTC due to fee pressure, while VanEck has temporarily waived its management fee for its HODL ETF. Grayscale’s GBTC faces significant outflows, while competitors like BlackRock’s iShares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund are experiencing substantial inflows. VanEck’s fee waiver has resulted in a record-breaking inflow for its HODL ETF, highlighting the ongoing fee competition in the Bitcoin ETF market.
about Bitcoin ETF Market Intensifies Competition with Fee Reductions and Spin-OffsFidelity Wise Origin Bitcoin Fund
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Bitcoin ETFs See Record Inflows, GBTC Holdings Decline 33%
The iShares exchange-traded funds (ETFs) by BlackRock (IBIT) saw a record daily inflow of $788 million on March 5, surpassing its previous high of $612.1 million. The Bitcoin ecosystem hit a new all-time high of $69,324 and received a total inflow of $648.3 million on the same day. Despite this, Grayscale Bitcoin Trust (GBTC) and Invesco Galaxy Bitcoin ETF (BTCO) experienced net outflows, while IBIT and Franklin Bitcoin ETF (FBTC) contributed the largest inflows to the ecosystem. Additionally, the U.S. spot BTC ETF recorded $10 billion in trading volume, reflecting significant investor interest. Bloomberg ETF analyst Eric Balchunas commented on the remarkable performance of these ETFs.
about Bitcoin ETFs See Record Inflows, GBTC Holdings Decline 33%Bitcoin ETFs Hit Record $10 Billion Trading Volume Before Price Plunge
The United States spot Bitcoin ETFs hit a record $10 billion in trading volume on March 5, with BlackRock’s iShares Bitcoin ETF leading at $3.7 billion. Bitcoin reached a new all-time high of $69,200 before dropping 12% to $60,860 within five hours. Analysts joked about the price swings, highlighting the volatility of Bitcoin during bull markets.
about Bitcoin ETFs Hit Record $10 Billion Trading Volume Before Price PlungeBitcoin Surges Near Record High, ETFs Gain Inflows, Crypto Stocks Rise
Bitcoin surged to over $66,000, nearing its all-time high, driven by institutional interest and anticipation of the upcoming halving event in April. The new spot bitcoin ETFs saw significant inflows, with BlackRock’s iShares Bitcoin Trust leading the pack. Meanwhile, cryptocurrency stocks like Coinbase and Marathon Digital rallied, reflecting the growing market momentum.
about Bitcoin Surges Near Record High, ETFs Gain Inflows, Crypto Stocks RiseSpot Bitcoin ETFs Gain Momentum, Resonate Globally, Boosting Investor Sentiment
The U.S. spot Bitcoin ETF market saw a record daily inflow of $676.8 million, with iShares Bitcoin Trust leading the contributions. The approval of spot Bitcoin ETFs in the U.S. also boosted Australian retail interest in Bitcoin, with a 25% increase in sentiment and marginal adoption rate growth.
about Spot Bitcoin ETFs Gain Momentum, Resonate Globally, Boosting Investor SentimentBitcoin ETF Trading Volume Hits Record High, Reaching $7.69 Billion
Bitcoin ETFs in the United States set a new trading volume record, with $7.69 billion in volume on Feb. 28, surpassing the previous record by over one and a half times. The rally in Bitcoin’s price to an over two-year high of $64,000 contributed to this surge in trading volume, with BlackRock’s iShares Bitcoin ETF leading the way with $3.35 billion in trading volume. Additionally, the Grayscale Bitcoin Trust (GBTC) and the Fidelity Wise Origin Bitcoin Fund (FBTC) also saw significant trading volumes, marking a milestone day for Bitcoin ETF trading.
about Bitcoin ETF Trading Volume Hits Record High, Reaching $7.69 BillionBitcoin Surges Above $60,000 Fueled by Institutional Participation and ETFs
Bitcoin surged above $60,000 driven by institutional interest and the upcoming halving event. The new spot bitcoin ETFs saw significant inflows, with BlackRock’s iShares Bitcoin Trust leading in fund inflows. Marathon Digital reported a significant increase in earnings and revenue, with its stock jumping 8.4% premarket.
about Bitcoin Surges Above $60,000 Fueled by Institutional Participation and ETFsBitcoin Spot ETF Inflows Surge, Setting New Record at $400M
Bitcoin Spot ETFs are experiencing a surge in inflows, with over $400 million pouring into various funds, led by Fidelity Wise Origin Bitcoin Fund. Despite this, Grayscale Bitcoin Trust continues to see outflows. The BTC price has reached a 2-year high of $57,000, with institutional investors driving demand and pushing for a new record in ETF inflows.
about Bitcoin Spot ETF Inflows Surge, Setting New Record at $400MCarson Group Adds Bitcoin Exposure to Investment Portfolio with ETFs
Carson Group, a $30 billion investment firm, has added exposure to spot Bitcoin through four ETFs, prioritizing significant asset growth, trading volume, and cost-efficiency. This move reflects the increasing adoption of Bitcoin among traditional investors, despite some firms like Vanguard taking a firm stand against offering Bitcoin-related products. Spot Bitcoin ETFs have seen substantial trading volumes and rapid growth in assets under management, with cumulative trading volume reaching $50 billion.
about Carson Group Adds Bitcoin Exposure to Investment Portfolio with ETFsGrayscale Bitcoin Trust Transfers $376 Million Worth of Bitcoin to Coinbase Prime
Grayscale Bitcoin Trust (GBTC) has transferred over $376 million worth of Bitcoin to Coinbase Prime deposit addresses, suggesting that the fund may have been forced to sell some of its Bitcoin due to a decline in its share price. Analysts believe that these outflows from the trust are contributing to the recent decline in Bitcoin’s price.
about Grayscale Bitcoin Trust Transfers $376 Million Worth of Bitcoin to Coinbase Prime