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 Grayscales GBTC stops bleeding First inflow since launch

Grayscales GBTC stops bleeding First inflow since launch


Published: 2024-05-04


1. Grayscale GBTC inflows reach new record: Grayscale's Bitcoin Trust (GBTC) has seen a surge in inflows,reaching a new record. Investors are showing increasing interest in GBTC as a way to gain exposure to Bitcoin without holding the underlying asset directly. This indicates a growing appetite for Bitcoin investment products in the market.

2. Prospects of a Bitcoin exchange-traded fund (ETF): The article discusses the potential for a Bitcoin exchange-traded fund (ETF) to be approved in the near future. The approval of a Bitcoin ETF could open up the market to a wider range of investors,including institutional players who may have been waiting on the sidelines for a regulated investment vehicle.

3. Impact on the broader cryptocurrency market: The increasing inflows into GBTC and the potential approval of a Bitcoin ETF could have a significant impact on the broader cryptocurrency market. Positive developments in the institutional investment space could lead to increased mainstream adoption of cryptocurrencies,potentially driving up prices and market capitalization.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,864.33 1,705,547,447.04
2 ARS title=ARS 1,100.90 1,481,865,185.40
3 ETH title=ETH 3,099.40 1,151,131,885.71
4 SOL title=SOL 172.75 686,685,212.25
5 PEPE title=PEPE <0.01 264,555,939.14
6 DOGE title=DOGE 0.16 162,839,476.89
7 WIF title=WIF 2.80 157,126,881.07
8 NEAR title=NEAR 7.98 135,785,984.06
9 XRP title=XRP 0.52 134,875,146.30
10 BOME title=BOME 0.01 126,647,296.24
11 RUNE title=RUNE 6.87 124,209,052.52
12 LINK title=LINK 16.31 122,464,385.97
13 FTM title=FTM 0.84 112,900,645.80
14 PEOPLE title=PEOPLE 0.05 95,628,703.70
15 ENA title=ENA 0.72 94,501,958.62
16 FLOKI title=FLOKI <0.01 89,838,018.88
17 ORDI title=ORDI 41.45 86,426,824.47
18 AVAX title=AVAX 37.38 85,723,366.77
19 RNDR title=RNDR 10.06 71,324,837.41
20 WLD title=WLD 5.05 61,382,754.22
21 JTO title=JTO 4.64 60,890,254.84
22 AR title=AR 48.15 58,718,582.26
23 OP title=OP 2.58 57,032,258.05
24 BCH title=BCH 482.00 54,377,710.52
25 SUI title=SUI 1.09 53,578,559.25
26 ADA title=ADA 0.48 47,820,460.18
27 ETHFI title=ETHFI 3.51 46,361,784.80
28 BONK title=BONK <0.01 46,281,844.58

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Cream title=CREAM 59.80 +28.91
2 0x Protocol title=ZRX 0.60 +22.22
3 Reserve Rights title=RSR <0.01 +19.20
4 TrueFi title=TRU 0.13 +17.59
5 Gnosis title=GNO 306.10 +15.29
6 Pendle title=PENDLE 4.98 +14.89
7 Tensor title=TNSR 0.96 +14.48
8 Polymesh title=POLYX 0.46 +13.83
9 ORDI title=ORDI 41.45 +12.61
10 ForTube title=FOR 0.02 +11.26
11 Dusk title=DUSK 0.34 +11.17
12 Biconomy title=BICO 0.56 +11.16
13 1000SATS (Ordinals) title=1000SATS <0.01 +10.92
14 SSV Network title=SSV 41.54 +10.13
15 Optimism title=OP 2.58 +9.69
16 LTO Network title=LTO 0.20 +9.57
17 Pyth Network title=PYTH 0.46 +9.50
18 SPACE ID title=ID 0.78 +9.17
19 Bitcoin Cash title=BCH 482.00 +8.32
20 Yield Guild Games title=YGG 0.92 +8.17
21 Pixels title=PIXEL 0.38 +7.87
22 Raydium title=RAY 1.90 +7.85
23 Oasis Network title=ROSE 0.09 +7.84
24 Bella Protocol title=BEL 0.89 +7.72
25 COTI title=COTI 0.13 +7.67
26 Avalanche title=AVAX 37.38 +7.51
27 Ether.fi title=ETHFI 3.51 +7.43
28 Internet Computer title=ICP 13.12 +7.29
29 Lido DAO title=LDO 1.81 +7.21
30 IQ title=IQ 0.01 +7.19

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 ConstitutionDAO title=PEOPLE 0.05 -11.04
2 High title=HIGH 4.55 -5.53
3 Immutable title=IMX 2.41 -3.08
4 FLOKI title=FLOKI <0.01 -2.98
5 Loom Network (NEW) title=LOOM 0.09 -2.67
6 Vanar Chain title=VANRY 0.19 -2.42
7 BEAMX title=BEAMX 0.02 -2.07
8 AVA Foundation Bridged AVA (BSC) title=AVA 0.66 -1.53
9 Syscoin title=SYS 0.19 -1.39
10 iExec RLC title=RLC 3.25 -1.04
11 Lisk title=LSK 1.99 -0.95
12 NEAR Protocol title=NEAR 7.98 -0.73
13 LeverFi title=LEVER <0.01 -0.71
14 Pepe title=PEPE <0.01 -0.69
15 LINA title=LINA <0.01 -0.68
16 GMX title=GMX 29.86 -0.50
17 dogwifhat title=WIF 2.80 -0.46
18 Coin98 title=C98 0.26 -0.43
19 SuperRare title=RARE 0.12 -0.41
20 Verge title=XVG <0.01 -0.40
21 Wanchain title=WAN 0.25 -0.28

Bitcoin's Greed and Fear Index.

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73
Greed

Global CryptoCurrency News

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