The Grayscale Bitcoin Trust (GBTC) experienced its first day of inflows in 78 days, marking a significant turnaround after a prolonged period of outflows, and its shares jumped 5% in premarket trading. This event coincides with the launch of new spot Bitcoin ETFs in Hong Kong, which collectively attracted $230 million in assets under management (AUM) in their first week. Notably, China AMC led with $116 million, followed by Bosera International and HashKey Capital, each managing $57 million. Additionally, the overall cryptocurrency market witnessed a resurgence, with Bitcoin rebounding to $65,000, its highest price in nearly two weeks. Analysts at Bernstein have reaffirmed their $150,000 Bitcoin price prediction.
JUST IN: Bernstein analysts say #Bitcoin is back on course to reach $150,000 by next year 🐂 https://t.co/9HJuKyHhza
Solana’s class of ‘21 is doing it again
JUST IN: Bernstein analysts say #Bitcoin is back on course to reach $150,000 by next year, reaffirming their price target 🐂 https://t.co/wooUdhjaVG
Watch this protocol Strong backers, scalable yield, tight with BTC whales https://t.co/QK6oeLSbga
#Bitcoin has significant upside potential this month and @saylor's $MSTR stock could surge, too, according to TD Cowen. @HeleneBraunn reports https://t.co/szNVby9cJZ
3 reasons why bitcoin can still reach $150,000 by 2025, according to Bernstein https://t.co/s4ERTJEC49
BULLISH AF https://t.co/zuOUo88rnK
Long-Term Bitcoin Investors Have Returned To HODLing: Report ► https://t.co/RPTPMflbgY https://t.co/RPTPMflbgY
Bitcoin will break $100,000 ETH will break $10,000 We will see a 100x Altseason Global Institutions are buying millions worth of Bitcoin and ETH everyday. Don’t ignore the signs, we are so early. You are seriously not bullish enough. Next 12 months will be life changing.
Bitcoin ETFs Are Back? $378 Million In Gains Marks Best Day In Over a Month ► https://t.co/cbpzocmx2Q https://t.co/cbpzocmx2Q
Grayscale Bitcoin Trust FINALLY had a net inflow... I offer a few thoughts here on what that might mean for the fund moving forward. via @strack_ben https://t.co/kE5KuyjKQM
What happened this week in the Crypto market. ➡️https://t.co/ujacmrOgkb 🔘 Macro matters, macro doesn’t matter, macro matters, macro doesn’t matter 🔘 …The Souring Sentiment of New Token Issuance 🔘 How Did We Get Here? 🔘 & more cc: @jdorman81 @DavidNage https://t.co/wW4VXLD6cc
#China’s gold-buying spree could be the straw that breaks the dollar’s back ⚡️China’s stockpiling of gold could be a warning that the country could use its large holdings of US government bonds as a weapon. ⚡️Any threat to dump these bonds could drive up the cost of borrowing,… https://t.co/pZoQ1FW7Jn
What's next for crypto? I just sent a newsletter issue covering: • 9 catalysts to watch this week • my favorite airdrop strategy for stablecoins • 6 must-read threads Read it here: https://t.co/kVwW2u0mA3
All 11 spot Bitcoin ETFs saw inflows for the first time since the launch in January https://t.co/GULl8jSlhh
Hong Kong #Bitcoin ETFs attract $262m AUM, mostly pre-listing, with $22.5m inflows in first week. https://t.co/kCywoMAkzw
"The Hong Kong spot crypto ETFs provide another option for such investors who may find Hong Kong provides more advantages with regard to taxes and regulatory access," BitGo's HB Lim shared with @cryptonews 👇 https://t.co/5Da0atjOgm
Chinese ETF Rumor Mill: Richard Byworth @RichardByworth, Managing Partner at @SyzCapital, has ignited rumors suggesting that Bitcoin ETFs listed in Hong Kong could soon be accessible to investors from mainland China. Byworth’s remarks on X highlight the ongoing discussions about… https://t.co/gpGuAxRlYH
NEW: "🇨🇳 China is driving the price of gold. The flow of gold to China has gone from solid to an absolute torrent." Could this strong demand also spill over to #Bitcoin if the rumors about an imminent opening of 🇭🇰 Hong Kong ETFs to Mainland China turn out to be true? https://t.co/ZAOh9GGVjw
📈 Market Update — Week of April 29, 2024 ‣ Bitcoin rebounds despite early week drop to $56,500 due to FOMC rate hike fears ‣ GBTC sees first inflow after long sell-off, indicating waning sell pressure ‣ Coinbase EPS of $4.40 surpasses expectations https://t.co/ZqjPnc13Ay
May 6 Update: 9 ETFs added 3,710 $BTC(+$236M). #Grayscale decreased 938 $BTC(-$59.66M) and currently holds 291,239 $BTC($18.53B). #Fidelity added 1,662 $BTC($105.7M) and currently holds 151,241 $BTC($9.62B). https://t.co/vnxvzQ2eZj https://t.co/cGsrx1i6uT
Last Friday was the first day in the history of the spot Bitcoin ETFs that all 10 tickers had net inflows. Times are changing. The people want BTC price exposure 📈 https://t.co/pz1PfckbYo
Currently thinking about $GBTC's inflow from Friday. What a chart https://t.co/6ETYTqov1O
Will GBTC inflows become a trend? Don’t hold your breath, one industry watcher says https://t.co/AZQ9rkd7Xb
🟩 5/6 THREAD tracking Bitcoin ETF inflows/outflows: Another interesting day for sure . . . 🍿 https://t.co/1itnDo4UAL
Some say China’s buying gold to hedge a coming CNY devaluation, but historically gold flowing OUT of a country portended future currency devaluations, not gold flowing IN. Consider US 1965-71, or S. Korea 1998, for example - gold flowed out, portending future currency weakness. https://t.co/KpI7Vjy745
JUST IN: 🇺🇸 Over 95% of spot #Bitcoin ETF investors HOLD'ed during the recent downward price volatility, Bloomberg analyst @EricBalchunas reports. ✊
Bernstein Doubles Down on $150K Bitcoin Call https://t.co/rVkuUdN0Wi
JUST IN‼️: Bloomberg Senior ETF Analyst, Eric Balchunas: 95% of Bitcoin ETF investors HODL-ed during the recent price decline. Over time, two things tend to be true for ETFs: net growth and relatively strong hands. #Bitcoin 💎 🙌 https://t.co/HiFy3FrTNi
Anthony Pompliano: The GBTC ETF experienced outflows continuously for 78 days since its inception. However, on Friday, it saw its first inflows 👀 https://t.co/M8BABgYs4I
“Over time, two things tend to be true for ETFs: net growth and relatively strong hands.” All Bitcoin ETF inflows green on the day. Yes, even GBTC. https://t.co/soEQDcaYFr
First time ever 1D flows all green, no red for the Bitcoin Bunch. Not going to spike the football like some did during the outflow period but will point out that over 95% of the ETF investors HOLD-ed during what was a pretty nasty and persistent downturn. Will same happen next… https://t.co/3l3uwwmqGy
$150,000 Bitcoin Reconfirmed | Crypto Bulls Return https://t.co/6r8zQyS1kR
Bitcoin's 200 day moving average just hit a new all-time high. GBTC saw the first day of inflows in 78 days. Don't get lulled to sleep by bitcoin going sideways. The long-term thesis is as strong as ever. Here is my segment on @SquawkCNBC this morning. https://t.co/BG6GkzqVIi
Demand for the Bitcoin Spot ETFs has come primarily from retail. Blackrock says the real wall of money is coming - from pensions, endowments and sovereign wealth funds. Are you ready? https://t.co/fYdpLG0GDD
Every time Bitcoin moves, we get a new prediction from Standard Chartered, this time reiterating that $BTC will hit $150,000 this cycle. @mikemcglone11 @jameslavish @daveweisberger1 and I discuss this and more on Macro Monday. 9 AM EST. https://t.co/WHpLamVAxM
#bitcoin rebounded to $65,000 on Monday, its highest price in almost two weeks, continuing a strong rally in crypto assets from last week's bottom. @sndr_krisztian reports for First Mover Americas. https://t.co/djGmQEFAIg
❖ GRAYSCALE BITCOIN TRUST'S SHARES JUMP AFTER FIRST INFLOW SINCE JANUARY Shares of Grayscale Bitcoin Trust, opens new tab jumped 5% in premarket trading on Monday after the exchange-traded fund (ETF) that tracks the price of bitcoin saw its first day of inflow since January.…
🗞️ Crypto News After 11 consecutive weeks of outflows, the Grayscale Bitcoin Trust ETF (GBTC) has finally experienced a positive gain of $63 million. 🔗 https://t.co/oYBPQx14d3 #CryptoNews
Grayscale Bitcoin Trust's shares jump after first inflow since January https://t.co/yalKsy2Avz https://t.co/TjBFFgHdjl
In our view, the launch of the Bitcoin and Ethereum ETFs in Hong Kong, is a far less significant moment that the US ETFs. However, due to a number of requests, we have launched an HK ETF Flow dashboard https://t.co/MJKQO13aJA https://t.co/j1wgrO39Mu
NEW: Hong Kong's new spot #Bitcoin ETFs attract 💵 $230M in assets under management (AUM) during their first week. China AMC was the most successful with $116M, followed by Bosera International & HashKey Capital at $57M, and Harvest Global Investment also at $57M. https://t.co/uws9a3RYX8
MicroStrategy $MSTR and crypto stocks surge as Bitcoin reclaims the $65,000 level https://t.co/gWJKKZeujC https://t.co/XEuUmwnSUY
Crypto Market Pulse Weekly: 💸 HK Spot $BTC ETFs saw US$250M net inflows in 3 days ₿ Morgan Stanley filed with US SEC to permit exposure to #Bitcoin ETFs to 12 funds 🚀 Australia reportedly considering the launch of Bitcoin ETFs The details 👇 https://t.co/PFhqPAabSb https://t.co/NaU3dJy41Q
Weekly Crypto News 📣 👉 News: — #Coinbase faces new lawsuit over alleged investor deception — #BTC jumps back above $65K — #BlackRock sees Sovereign Wealth Funds, Pensions coming to Bitcoin ETFs 👉 Project Updates: — Bitcoin reaches one billion transactions — Blackrock BUIDL… https://t.co/PO2WG1S8yL
NEW: Bitcoin breaks $65,000 https://t.co/N99SfmlJA1
#China is buying #gold like there's no tomorrow https://t.co/jAaVJSglyd
Analysts: #Gold Rush In #China Is Propping Prices Up https://t.co/QIC6vr4iqJ
Bernstein analysts double down on $150,000 bitcoin price prediction https://t.co/ReIxkNQl7Z
🏦$725 billion Bernstein predicts #BTC ETF Flows will "pick back up as ETFs become more integrated with private bank platforms, wealth advisors and more brokerage platforms" Target Price is $150,000 by End of 2025 https://t.co/CsMrbXBmiG
Op-Ed: #China is buying gold. #Gold is famous worldwide as a hedge against tough times as well as inflation. It’s easy to buy. More to the point, and equally traditional, you can buy gold anywhere in the world. — Writes Paul Wallis. https://t.co/Ivf6WGRIod
China's Gold Buying Spree Hits Record, Dubbed 'Modern Day Gold Rush' Read More: https://t.co/GQ8PkL3tB4
🆕 Today's top #crypto news on #KuCoinMarketWatch ⤵️ 🟢 3 Hong Kong spot #cryptoETFs gathered over HK$2B in AUM in debut week 🟢 Fed reduced balance sheet by $77B to $7.362T in April 🟢 #Bitcoin on-chain #NFT transactions soared past $55B in past 7 days More key news ⤵️
#LeadStoryOnET | #China's #love affair with #gold: What is behind the #BuyingSpree in #YellowMetal? https://t.co/jAaVJSglyd
Last year, China added more to its gold reserves than it had in nearly 50 years. - Increased gold reserves for 17 straight months - Bought more gold than any other central bank in the world in 2023 - Using foreign currencies to buy, effectively reducing exposure to the U.S.… https://t.co/pDGeotu4SV
Op-Ed: China is buying gold as an investment alternative to markets – Why? https://t.co/iSzAYssttl
BULLISH AF $BTC ---> One (1) Billion transactions !! https://t.co/hstmMEo0uI
BULLISH AF $BTC https://t.co/hstmMEo0uI
When China increased its gold holdings in the past, it bought domestically using renminbi, said Guan Tao. But this time, he said, the bank is using foreign currencies to buy gold — effectively reducing its exposure to the U.S. dollar and other currencies. https://t.co/puhNUxKbKV
New York Times @nytimes: China Is Buying Gold, Sending Prices to Record Highs - The New York Times. #aiact #industry40 #MachineLearning https://t.co/acySrPXMNR
NEWS: GBTC's 78-Day Outflow Streak Snaps Amid Spot #Bitcoin ETF Inflows: Will the Bull Market Resume? https://t.co/EvsZHUuE7b
In China, there is no alternative to gold via @NYTimes https://t.co/LXl37y0FQw
Asia's weekly TOP10 crypto news: Hong Kong Bitcoin ETF Accumulates 4,218 BTC, Russia to Enforce Strict Limits on Cryptocurrencies, China Police Arrest Suspect for Impersonating Others to Obtain STRK Tokens and Top10 News(0429-0505) https://t.co/moUD1Qjx8y https://t.co/BkDCSdql0w
Want to understand Binance’s CZ’s prison sentence? Read Cointelegraph’s Hodler’s Digest! https://t.co/1qRQa0MRBS
Dive into the market share of Bitcoin ETF issuers. $IBIT and $GBTC lead the pack in $BTC holdings. BlackRock is gunning to overtake Grayscale, but recent BTC inflows have shaken things up. Watch Grayscale's next moves closely. It's a game-changer. https://t.co/uRqze3FpQI
Stockpiling gold. China Is Buying Gold, Sending Prices to Record Highs - The New York Times https://t.co/vIgr6EAWmc
🌐Here's everything you need to know about the biggest stories from the past week. From Coinbase’s #Bitcoin lightning integration to CZ’s personal stance on crypto following prison time… #Bitcoin #Ethereum https://t.co/iMeN02bpY9
Like clockwork. The New York Times just dropped an article that China is buying gold like there’s no tomorrow. In other words, A modern day gold rush. The western world is waking up. Who likes 3D chess? https://t.co/hlMD1ILE1q
#Bitcoin ETF GBTC Sees First Inflows After 78 Days https://t.co/tBNp8byGxM
This week was the opening ceremony of Hong Kong spot Bitcoin ETFs: https://t.co/fcpJgqjDnk
Bitcoin ETFs See Buying Resurgence; 'Mr.100' BTFD As Grayscale Sees First Inflow Since Jan https://t.co/tivc2mmlPb