Tuesday, March 26, 2024

Outflows from Grayscale bitcoin ETF hit $1.9 billion in single week

Grayscale Bitcoin Trust saw $1.9 billion outflows, affecting U.S. spot bitcoin ETFs. Despite buying interest from BlackRock, Fidelity, inflows slowed. Grayscale's high fee, bankruptcy trustees selling contributed. Challenges with Wealthfront, interest from institutional investors.

from Tech-Economic Times https://ift.tt/gVtnPzB

No comments:

Post a Comment

Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...