$1 Billion in Bitcoin Withdrawn From Coinbase, Bullish for BTC Price?
Coinbase's Bitcoin reserves hit lowewst point in years amid whale activity.
Coinbase's Bitcoin reserves hit lowewst point in years amid whale activity.
CoinShares reported record-breaking inflows of $2.45 billion were observed last week, restoring assets under management (AuM) to December 2021 levels.
GBTC's Bitcoin holdings have declined to 456,034 BTC.
Approximately 75% of new money invested into BTC comes from the ETFs, excluding Grayscale’s GBTC.
They argued that U.S. banks were not serving as asset custodians for Bitcoin ETFs, despite fulfilling that role for other
Bitcoin whales appear to be betting big, accumulating over 100,000 BTC amidst market optimism.
After massive outflows, GBTC's market share dropped to around 30% last week.
Analysts warn against viewing this as a broad move from gold to Bitcoin. Instead, they attribute it to FOMO in
Bitcoin ETF issuers are buying more than 10-12 times the amount of BTC produced daily, leading to a 2% price
Bitcoin ETFs attract strong interest with 43K BTC inflows in four days, surpassing 42K BTC inflows in 20 days post-approval.