Tag: outflows

GBTC Outflows: Forecasting Total Bitcoin Selling Pressure & Market Impact

coiner

The following is a heuristic analysis of GBTC outflows and is not intended to be strictly mathematical, but instead to serve as a tool to help people understand the current state of GBTC selling from a high level, and to estimate the scale of future outflows that may occur. Number Go Down January 25, 2024 – Since Wall Street came to Bitcoin under the auspices of Spot ETF approval, the market has been met with relentless selling from the largest pool of bitcoin in the world: the Grayscale Bitcoin Trust…

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Dwindling optimism for Bitcoin ETF approval to blame as weekly crypto outflows hit $55M

coiner

Digital asset investment products saw $55 million in outflows for the week of Sept. 13, according to a report from CoinShares.  Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund (ETF) has begun to give way as $42 million worth of the week’s outflows came from BTC alone. This week in Fund Flows by @CoinSharesCo Head of Research @jbutterfill: Digital asset investment products saw outflows totalling US$55m — we believe this is in reaction to recent media highlighting that a decision by…

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