Global #GBTC

The Grayscale Bitcoin Trust (GBTC), a spot Bitcoin exchange-traded fund (ETF), saw a brief increase in investment inflows in early May after a prolonged period of financial losses since its inception.

Investor apprehension regarding potential Federal Reserve interest rate reductions remains prevalent, as withdrawals from the Grayscale Bitcoin ETF (GBTC) resume. This trend indicates a cautious sentiment prevailing in the market.

Grayscale has updated their application for a mini-ETF, revealing that it was funded last week, signaling one of the final steps before it becomes available for public trading.

Susquehanna International Group, a major player in asset management, has recently disclosed a significant investment in Bitcoin through various exchange-traded funds (ETFs).

For the first time ever, Grayscale Investments has seen net positive inflows for the Grayscale Bitcoin Trust (GBTC).

The Bitcoin ETF market had a range of outcomes on April 24. Notably, a 71-day winning streak ended when BlackRock's iShares Bitcoin Trust ETF (IBIT) saw no fresh investments for the first time.

In its most recent filing, Bitcoin ETF maker Grayscale revealed some information on the Bitcoin Mini Trust (BTC), which has a more appealing 0.15% charge than the uplisted mothership GBTC product.

The only spot Bitcoin fund in the US to have inflows on the first day of the week is BlackRock's Bitcoin exchange-traded fund (ETF); other ETFs have reported either withdrawals or zero inflows.

Bitcoin (BTC) is poised to build on Wednesday's increase, hovering near $70,800, while ether (ETH) is trading above $3,500, as the market continues to digest higher-than-expected U.S. CPI data and slowing outflows from the Grayscale Bitcoin Trust (GBTC).

The decision by the U.S. Securities and Exchange Commission (SEC) regarding the approval or disapproval of the New York Stock Exchange's introduction of options trading on spot Bitcoin (BTC) ETFs has been postponed.

Based on preliminary statistics from Farside Investors, the newly established eleven spot Bitcoin ETFs had an overall outflow of $224 million on Monday, April 8.

As withdrawals from Grayscale's Bitcoin ETF (GBTC) have decreased, the price of Bitcoin (BTC) has risen above $67,000.