Cointime

Cointime

Download App
iOS & Android
Home / Data

Cryptocurrency funds outflowed $500 million last week as GBTC fallout fades

Last week the global net outflow of cryptocurrency funds from asset management companies such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares reached a total of 500 million US dollars. The strong outflow of funds from GBTC stands in stark contrast to the total inflow of 1.8 billion US dollars from nine new spot Bitcoin ETFs launched last week, including BlackRock's IBIT with an inflow of 744.7 million US dollars and Fidelity's FBTC with an inflow of 643.2 million US dollars. Since their launch on January 11th, the nine new ETFs have received a total inflow of approximately 5.8 billion US dollars, while GBTC has had an outflow of 5 billion US dollars, resulting in a net inflow of 759.4 million US dollars.

GBTC Grayscale
Comments

All Comments

Recommended for you

  • Bitcoin mining company Phoenix Group released its Q1 financial report: net profit of US$66.2 million, a year-on-year increase of 166%

    Phoenix Group, a listed mining company and blockchain technology provider for Bitcoin, released its Q1 financial report, with the following main points:

  • Core Foundation launches $5 million innovation fund

    CoreDAO announced in a post on X platform that the Core Foundation has launched a $5 million innovation fund. The fund is currently mainly targeting the Indian market and has established strategic partnerships with the Indian Institute of Technology Bombay and some top venture capital companies to support the development of innovative blockchain projects in the country. At present, the fund has opened project funding applications.

  • In the past 24 hours, the entire network has liquidated $139 million, and long orders have liquidated $83.5374 million

    According to Coinglass data, there were liquidations totaling $139 million in the past 24 hours, with a total of 56,471 people being liquidated.Of these, long positions were liquidated for $83.5374 million, short positions were liquidated for $55.4391 million, BTC was liquidated for $39.2379 million, ETH was liquidated for $26.5550 million, and SOL was liquidated for $10.2312 million.

  • $1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire

    Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction.

  • Cointime May 4th News Express

    1. Hong Kong Bitcoin Spot ETF has held 4,218 BTC since its listing three days ago

  • ETFStore President: GBTC outflow trend has ended

    Nate Geraci, President of ETFStore, stated on X platform that the outflow trend of GBTC has ended, with a revenue of $63 million.

  • Cointime April 27th News Express

    1. ETH falls below $3,100

  • Grayscale transferred more than 1,000 BTC to Coinbase Prime address again last night

    According to Arkham data monitoring, the grayscale address transferred about 411 BTC to Coinbase Prime last night, and about 14 hours ago transferred 1003 BTC to Coinbase Prime address again, worth about $64.18 million.

  • Grayscale GBTC Bitcoin holdings fell below 300,000 BTC

    Official data from Grayscale shows that as of April 26th local time, GBTC's Bitcoin holdings have fallen below the 300,000 BTC mark to 298,445.4699 BTC, a decrease of approximately 2,167 BTC from the previous day. Additionally, GBTC's assets under management (non-GAAP) have decreased to $19,052,609,573.56, and its circulating shares have decreased to 335,190,100.

  • Cointime April 20th News Express

    1. Ordinals’ cumulative fee income exceeds 6,700 BTC, an increase of approximately $80 million in the past three days

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company