Bitcoin Stuck Below $66,000: Are ETF Outflows Beyond Grayscale An Issue?

April 4, 2024, 9:45 a.m. 8 months, 2 weeks ago

Bitcoin Stuck Below $66,000: Are ETF Outflows Beyond Grayscale An Issue?. On Tuesday, the crypto market was off guard when Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) experienced a significant outflow. This marked the first time since the introduction of spot Bitcoin ETFs in the United States that one of the “Newborn Nine” surpassed the outflows of Grayscale’s …

Who, What & Where

Bitcoin

The first decentralized digital currency, created by an unknown person or group …

ETF

Fidelity

Fidelity Investments is a multinational financial services corporation based in Boston, Massachusetts. …

Grayscale Bitcoin Trust

GBTC stands for the Grayscale Bitcoin Trust. It is a financial product …

Vanguard

Vanguard is one of the world's largest investment management companies and a …

ARK Invest

RK Invest is an investment management firm known for its active and …