BlackRock's iShares Bitcoin ETF (IBIT) has become the first spot Bitcoin product to reach $2 billion in assets under management (AUM) within 10 days of its debut. This milestone excludes Grayscale's GBTC, which had approximately $30 billion in AUM at the time of its conversion from a closed-end fund to a spot ETF. BlackRock's IBIT now holds almost 50,000 BTC as its AUM hits $2 billion, while Grayscale's GBTC has seen significant Bitcoin outflows. The turning point in Bitcoin's price coincided with Grayscale's most outflows, stabilizing since then and witnessing BlackRock's IBIT and Fidelity's FBTC amass a total of $4 billion worth of BTC. Bitcoin's price is currently trading above $42,000, with a market capitalization of $1.71 trillion and a dominance of 48.65%. The Fear & Greed Index stands at 54, indicating a neutral sentiment. The market also sees an increase in BlackRock and Fidelity accumulation, while Grayscale's selling is slowing down, signaling the potential for the next big rally in Bitcoin.
#Bitcoin Stabilizes Over $42,000 as #Crypto Fear and Greed Index Shifts to Neutral https://t.co/EihMVyHPMt
ALTS are starting to recover nicely: some high caps, mid caps and low caps too, it's been a great across the board start to the recovery rally but for it to continue, $BTC 42k must hold. Otherwise, the ALT-coin momentum will stall.
Will $BTC 42k hold?
Feels like nobody even cares that $BTC is over 42k now
If $BTC 42k holds as support, it's over for Bitcoin bearas https://t.co/FBFMt0ykzu
🟥 Things I’m looking at today 🟥 Crypto squeezes higher, big week for macro, OpenSea open to being acquired Crypto * BTC: 42.4k (+2%), ETH: 2280 (+1%), SOL: 98 (+6%) * Top 100 gainers: RON, AVAX, TAO, INJ * Bitcoin squeezes higher with perp funding negative * SOL up 30% from… https://t.co/0yPyBSpKU9
#Grayscale Selling Is Slowing Down BlackRock And Fidelity Accumulation Is On The Rise Bitfinex Whales Have Started To Long Bitcoin It looks like the next big rally is getting started. Do you agree?👀 $BTC https://t.co/8ho9Y1GfCK
📈Market Overview #Bitcoin price trades above $42K. The top-10 cryptos are traded in a green zone: $AVAX +12.3% $SOL +4.7% $ADA +3.18% Market capitalization: $1.71T (+1.6%) The #BTC dominance: 48.65% (+0.11%) Fear & Greed Index: 54 (Neutral) 👉 Top Gainers API3 #API3 +45%… https://t.co/rmGmM7sy9b
Grayscale's Latest GBTC #Bitcoin Withdrawal Amounts to $867M, Still Remains Top ETF Holder https://t.co/UAGd0bjBvU
BlackRock’s IBIT ETF now holds almost 50,000 BTC as AUM hits $2 billion extraordinary result https://t.co/s9aBact98U
#Bitcoin now at 42k How interesting that the turning point this week ALSO coincided with the day that Grayscale's $GBTC had the most outflows (Tuesday 1/23, -$640M), which have since stabilized and seen Blackrock's $IBIT and Fidelity's $FBTC amass a total of $4B worth of BTC https://t.co/J1zxOUeOLp
#Bitcoin now at 42k How interesting that the turning point this week ALSO coincided with the day that $GBTC had the most outflows (Tuesday, -$640MM), which have since stabilized and seen Blackrock $IBIT and Fidelity $FBTC amass a total of $4B worth of BTC https://t.co/GTeHw3hjR2
Bitcoin at $42,000 Bitcoin at $41,999 https://t.co/uIZr7c94Da
Bitcoin at $40,000 Bitcoin at $39,999 https://t.co/LUD5X17itc
Think $BTC got stuck @ $41,736 😭😭 https://t.co/JeGFyAHGyW
$BTC casually breaking out of this falling wedge, just need to clear resistance @ 42k 🙏🙏 https://t.co/jNZuoWVPam https://t.co/h9NPHDyTgt
BlackRock's volume is increasing, GrayScale's volume decreasing. Got it. #FULLSEND $BTC https://t.co/yOWjKR3i7f
$BTC || Greyscale vs Blackrock It seems Greyscale's GBTC volume is decreasing while Blackrock's IBIT volume is increasing. From on chain data we know that Greyscale is selling less btc than before while blackrock has been buying. May the demand overtake the supply. https://t.co/5Pmw7NKXSK
BlackRock’s Bitcoin ETF First to Reach $2B in AUM https://t.co/RYSqq3B2Hn
BlackRock's Bitcoin ETF becomes the first of the recently launched spot bitcoin products to reach $2B in assets under management, within 10 days of its debut (@helenebraunn / CoinDesk) https://t.co/EhHr0mJfvK 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/JwpIgPSc4w
The @BlackRock #iShares #Bitcoin ETF (#IBIT) became the first to reach $2 billion in assets under management (AUM). This doesn't include @Grayscale's #GBTC, which had ~$30 billion in #AUM at the time of conversion from a closed-end fund to a spot #ETF. Source: @CoinDesk https://t.co/p9PLIJP59E
Grayscale's GBTC Sees Significant #Bitcoin Outflow as Blackrock's IBIT and Other ETFs Gain Momentum https://t.co/8gGeGIA0YD