GBTC AUM sees modest $1.6 billion drop post-ETF launch, despite major outflows Despite experiencing significant outflows, GBTC’s assets under management only saw a modest decrease of $1.6 billion following the launch of an ETF.

Quick Take Data from BitMEX shows March began with the first total outflow since Feb. 21. The day saw an outflow of $140 million, significantly impacted by a massive $492 million outflow from the Grayscale Bitcoin Trust (GBTC), marking one of the largest single-day outflows. According to BitMEX data, the Grayscale Bitcoin Trust (GBTC) has
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Bitcoin ETPs surpass 1 million BTC, amid gold and bond ETF outflows Bitcoin exchange-traded products (ETPs) have now exceeded a total of 1 million BTC, surpassing the outflows of gold and bond ETFs.

Quick Take Recent data from ByteTree highlights Bitcoin held in global Exchange Traded Products (ETPs) had crossed the one million Bitcoin mark, setting a new record. In the past 90 days, these ETPs have experienced a significant inflow of 133,000 BTC, largely attributed to the success of US spot Bitcoin ETFs. Interestingly, this surge in
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Record-breaking Bitcoin price surge on horizon as OTC desks dry up, predicts 10X Research 10X Research predicts that a record-breaking surge in the price of Bitcoin is imminent as over-the-counter trading desks experience a decrease in availability.

Bitcoin’s price is primed for a surge that could hit record-breaking highs this week, according to a 10X Research report shared with CryptoSlate. Why BTC will print new ATH The report outlines key factors driving this bullish momentum. It suggests that Bitcoin will experience a significant upswing if the outflows from Grayscale’s Bitcoin ETF drop
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How stablecoins have fueled the recent rise in Bitcoin’s value The recent increase in Bitcoin’s value has been supported by the use of stablecoins.

Quick Take The Stablecoin Supply Ratio (SSR) created by Glassnode has emerged as a significant factor in analyzing Bitcoin price action. The SSR, a ratio between Bitcoin supply and the supply of stablecoins expressed in BTC, serves as a proxy for the supply/demand dynamics between Bitcoin and USD. This ratio reveals that when it’s low,
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Crypto investment products near all-time high with $1.84 billion weekly net inflow There has been a significant increase in net inflow of $1.84 billion in crypto investment products, reaching close to an all-time high.

Crypto-related investment products saw significant inflows last week, totaling $1.84 billion—this year’s second-largest weekly inflows—according to CoinShares’ latest weekly report. This significant inflow was also matched by a record trading volume of more than $30 billion during the same period, which at times represented 50% of global Bitcoin daily trading volumes on trusted exchanges. James
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Crypto Scams Persist: Exit Scams, Hacks Cost Crypto Sector $160 Million In February Crypto scams continue: Exit scams and hacks resulted in a $160 million loss for the cryptocurrency sector in February.

The crypto industry is perpetually vulnerable to malicious activities, with hackers seemingly relentless in their pursuits. It’s been only two months into 2024 and crypto scams are already making their appearance. According to blockchain auditor CertiK, crypto hacks and scams led to over $160 million in losses in February alone.  Related Reading: US Drops Emergency

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Crypto Exchanges Witness Massive Bitcoin Outflow Amidst Price Surge Crypto exchanges are seeing a large amount of Bitcoin being withdrawn as prices continue to increase.

In the midst of Bitcoin’s (BTC) price movement vying for all-time highs, the cryptocurrency is fleeing exchanges at the fastest pace in years. Research and analytics researcher at crypto insights business CryptoSlate, James Van Straten, highlighted withdrawals of Bitcoin worth billions dollars in a twitter post on March 3. Even

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Shiba Inu (SHIB) Rallies 150%, Will It Hit $0.00003 Next? Shiba Inu (SHIB) has surged by 150%, could it reach $0.00003 next?

After a lackluster 2023, Shiba Inu (SHIB) has finally turned the tide, rallying 136.1% in the weekly charts,…

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