BlackRock’s Bitcoin ETF is now the largest in the world. The change comes after IBIT had inflows of $102.5 million this Tuesday (28), while GBTC had outflows of $105.5 million, a trend that has continued since January when both were launched. The total is now BlackRock ETF holds 288,670 bitcoinsevaluated in R$101 billion. On the […]
Tag: Grayscale
FTX may be behind the billion-dollar sale of Bitcoin
FTX, a cryptocurrency broker that filed for bankruptcy in November 2022, may be behind a billion-dollar sale of Bitcoin. The assets are said to be in GBTC, a Grayscale fund that recently converted into an ETF. In short, FTX is said to have 22 million GBTC shares and according to private data from CoinDesk, the […]
Bitcoin drops to $40,300, but that’s not ETFs’ fault
Bitcoin traded at $40,300 on Friday afternoon (19th) and is down 18% since ETFs were approved in the US on the 11th. Although Grayscale’s ETF caused outflows of R$10.9 billion (US$2.2 billion), ETFs are not the most villainous in this story. The reason for mentioning this is related to the other nine ETFs on the […]
CEO of the largest Bitcoin ETF says not all managers will survive
Michael SonnensheinCEO of Grayscale, doesn’t believe there is room in the US market for that many cash Bitcoin ETFs. Last week, the SEC approved 11 ETFs from different managers, and it’s likely others will embark on this journey as well. At the time of writing, Grayscale can proudly say that it has the largest Bitcoin […]
R$10 billion of ‘dormant’ bitcoin will be moved after ten years
About 50,000 bitcoins, equivalent to R$10 billion, were moved this Tuesday (16) in five transactions. The amount accrued in 2013 had been stagnant for years and was last moved in 2019. Apparently, the interest in the move may be related to the approval of spot Bitcoin ETFs in the US. These products, approved last Wednesday […]