Recent developments in the cryptocurrency market have highlighted significant movements in Bitcoin ETFs. On May 8, U.S. Bitcoin ETFs experienced net inflows of $11.54 million, primarily driven by Bitwise's BITB ETF, which alone added 185 BTC. However, the following day, the scenario shifted with a net outflow of $11.3 million from U.S. Bitcoin ETFs, largely due to substantial withdrawals from Grayscale's GBTC, which saw an outflow of $43 million and has had 326,000 Bitcoin in outflows since launching. Despite these outflows and a flat revenue performance in Q1, Digital Currency Group, Grayscale's parent company, reported an 11% revenue increase, amounting to $229 million. Additionally, BlackRock reached a new all-time high with 274,500 Bitcoin holdings. Significant institutional interest was noted, with entities like MassMutual and investment banks reporting substantial holdings in Bitcoin ETFs.
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$BTC is now trading at its weekly low and sentiment has flipped to bearish Are you buying this dip? 👇 https://t.co/ddoVI7b3Ws https://t.co/AejK71CiHm
if bitcoin could go ahead and not fall off a cliff every time it has a couple of days of positive price action https://t.co/pWsU0OjBmT
Billion dollar funds are buying Bitcoin Pension funds are buying Bitcoin Banks are buying Bitcoin Countries are buying Bitcoin and you are bearish and panic selling your coins coz we are down 10% ? Trillions will flow into Crypto in coming years and Bitcoin will hit…
#Grayscale Maintains Steady Revenue Despite Massive $GBTC Outflows in Q1 #NewsBytes https://t.co/zsQaeThgRO
NEW: Edmond de Rothschild revealed it holds BlackRock and Grayscale's spot #Bitcoin ETFs in recent SEC filing 👀 https://t.co/jcOSW3UmAa
JUST IN: 🇺🇸 PNC Bank has $10m in #Bitcoin ETF exposure across 6 ETFs, per SEC filings. The 8th biggest bank in the country! https://t.co/hXNNRyyp3a
NEW: BlackRock filed their own 13F today, reporting a $5.5m stake in IBIT. This is a pretty modest stake. For reference, the other #Bitcoin ETF issuers that have filed are the #1 holders of their own products: - Ark with $176m in ARKB - Van Eck with $85m in HODL
JUST IN: 🇺🇸 $3.3 billion Rubric Capital Management reports owning over $60 million of BlackRock's spot #Bitcoin ETF in new SEC filing 👀 https://t.co/KeLVY1RlP4
JUST IN: 🇺🇸 $3.3 billion Rubric Capital Management reports owning over $60 million of BlackRock spot #Bitcoin ETF in new SEC filing. https://t.co/rjV8zUL3D4
JUST IN: 🇺🇸 186 wealth managers reported owning #Bitcoin ETFs this week in filings with the SEC. https://t.co/r5IVxfvcuA
GBTC's Heavy Withdrawals Result in Net $11.3M Outflow in US #Bitcoin ETFs https://t.co/qWWz7syxI6
🚨 New BlackRock #Bitcoin ETF Whales! Rubric Capital Management ($60m) and Symmetry Investments ($53m) are now the two biggest IBIT holders, per SEC filings today
JUST IN: 🇺🇸 $28 BILLION Buckingham Wealth Advisors reported owning $34m #Bitcoin through Grayscale's Bitcoin ETF, making them the third biggest holder to file with the SEC. 🫡 @Julian__Fahrer
ETF Update: GBTC outflows resume, volume remains muted 📊📉👀 What do you think is in store for #bitcoin this weekend? 🤔 Click below for the full report 👇👇👇 https://t.co/atkSE9IzN6 https://t.co/7TDvcVFRHh
IBIT and FBTC ETFs hit $10 Billion AUM in weeks, smashing previous record of three years: analyst https://t.co/6cwjtOIltN
May 10 Update: 9 ETFs added 714 $BTC(+$43.76M). #Grayscale decreased 12 $BTC(-$733K) and currently holds 291,790 $BTC($17.89B). #Blackrock added 228 $BTC(+$13.96M) and currently holds 274,550 $BTC($16.83B). https://t.co/JYMfKF7Tyq https://t.co/9EumX3zsgv
BNY Mellon reports exposure to multiple #Bitcoin ETFs Meanwhile majority of people still think $BTC is a scam Open your eyes
BNY Mellon reports exposure to multiple #Bitcoin ETFs They have $49 TRILLION assets under management Meanwhile majority of people still think $BTC is a scam Open your eyes
When the #BitcoinETFs launched four months ago there were no sellers, only buyers. But now that so many investors own the ETFs, the supply of potential sellers is large. But with waning demand from new buyers, ETF outflows will soon put significant downward pressure on #Bitcoin.
Bitcoin ETFs $BTC witnessed their largest daily outflow last Wednesday as investors pulled $564M from funds. $IBIT $FBTC $BITO $ARKB $GBTC https://t.co/qSnbWuwFIV https://t.co/vaKkzeZFQZ
🚨 @Grayscale’s #Bitcoin ETF sees a rapid reversal with $66.9M inflows nullified by outflows within just two days. https://t.co/Q8eQba8z26
NEW: GBTC 5-day moving average continues to shrink 👀 Outflows over a 5 day period have never been lower at -$1 million/day https://t.co/EBhtLZDdcJ
💥BREAKING💥 Hong Kong #Bitcoin ETF issuer considers to seek approval to trade in China HUGE
NEW: 🇨🇳 Hong Kong #Bitcoin ETF issuer considers seeking approval to trade in mainland China. The implications of this are huge 🙌 https://t.co/FmNFiSjZib
MassMutual reports $100,000,000 exposure to #Bitcoin ETFs MassMutual is one of the biggest insurance companies
Should crypto-asset exposure be added to a €12 trillion investment product market in the EU? This is what ESMA, the EU Securities & Markets Authority, would like experts to weigh in on. UCITS funds have €12 trillion of assets under management and account for ~75% of all… https://t.co/83qz7MMduB
UPDATE: HONG KONG'S SPOT #BITCOIN ETF SAW NET OUTFLOW OF 90.16 $BTC ON MAY 9
Hong Kong’s spot bitcoin ETFs saw second daily net outflows since debut https://t.co/ACCeffBSeO
Hong Kong Bitcoin ETF issuer rejects ‘pessimistic’ outlook for funds and makes audacious prediction https://t.co/oVpcpQVaIz
US #Bitcoin ETFs had a net outflow of $11,300,000 yesterday
Grayscale's GBTC outflows outweigh broad inflows across spot bitcoin ETFs https://t.co/imQKJM4D7M
Digital Currency Group, the parent company of @grayscale, reported $229M in revenue in the first quarter, up 11% from Q4 as crypto prices rallied in the beginning of the year. https://t.co/qZmAVe9TOO
🚨 Spot #Bitcoin ETFs saw small net outflows of -$11.3M for Thursday. https://t.co/bFeBkFHwOE
🚨May 9 #Bitcoin ETF Flows Total Outflows of 180 #BTC (-$11.3m) The New ETFs bought up 515 BTC ($32m) but it was outmatched by GBTC Selling https://t.co/kzPyiJW8LU
Good morning, Yesterday's flows for ETFs were slightly negative with back to our normal routine of it just being $GBTC for a total of $11.3 million of outflows with $GBTC doing $43.4 million. All other ETFs were close to 0 except Blackrock which did $14.2 million of inflows.… https://t.co/NWcFD62Xyh
Bitcoin ETF Flow (US$ million) - 2024-05-09 TOTAL NET FLOW: -11.3 (Provisional data) IBIT: 14.2 FBTC: 2.7 BITB: 6.8 ARKB: 4.4 BTCO: 2.2 EZBC: 1.8 BRRR: 0 HODL: 0 BTCW: 0 GBTC: -43.4 DEFI: 0 For all the data & disclaimers visit: https://t.co/4ISlrCgZdk
🚨 Blackrock Buys 228 BTC ($14m) This takes their total holdings to a new all time high 274,500 #Bitcoin https://t.co/MvPtH4ZB8d
🛑 FINAL 5/9 outflow of -$11million for U.S. Bitcoin ETFs👇 https://t.co/l6nR0wRDVW
Hong Kong BTC ETFs now at $268m AUM https://t.co/PzoPeuGUNe
Despite massive GBTC outflows, Grayscale Q1 revenue flat vs Q4 2023… Fee gambit paying off thus far. “While Grayscale expected outflows alongside increased competition under ETF wrapper, Q1 revenue attributable to GBTC nevertheless exceeded our expectations.” via @olgakharif https://t.co/fkC2w4b5Kk
The Hong Kong #crypto ETFs have amassed $317.4M — which is more than $50B in dog years according to Bloomberg's ETF analyst: Asia Express. Via @CointelegraphZN https://t.co/wRNFPyvmUQ
🚨GBTC Sells 700 #BTC ($43m) This brings outflows since launch to 327,000 #Bitcoin https://t.co/FAIXvLwBiH
🚨 $GBTC investor exodus continues w/ -$43 million on 5/9👇 Grayscale lost another ~700 Bitcoin today https://t.co/ZMZz11Yw18
🧮 5/9 THREAD tracking Bitcoin ETF inflows/outflows: Will post updates as data becomes available . . . https://t.co/fq1nrmE5uB
JUST IN: 🇺🇸 Fund manager CTC Alternative Strategies reports holding $27.7 million of BlackRock’s Bitcoin ETF. This is a 16% allocation within their portfolio of $160m in reported holdings — and the second largest position in the entire portfolio. 🫡 @MacroScope17
📣 Latest News: Digital Currency Group revenue jumps 51% in 1Q24 despite GBTC outflows #news #cryptonews #crypto
Crypto giant DCG post surges in revenue, Grayscale profitable despite $15 billion in outflows. https://t.co/ZzCV80j3XS
HK Crypto ETF Flow - Update for 09 May 2024 https://t.co/MJKQO13aJA https://t.co/URIfjJHpAN
How will Hong Kong's new spot ETFs shape APAC's crypto market and regulatory practices? BitGo Director HB Lim weighs in on @CryptoSlate👇 https://t.co/4DChfwZn3H
Trump endorsing #crypto European regulator considering to approve #Bitcoin as asset that can be included in UCITS BlackRock is shilling their #Bitcoin ETF to pension funds Morgan Stanley is about to get #Bitcoin exposure for its funds Europe’s second largest bank BNP… https://t.co/pH2Npq1vcl
DCG reports revenue growth amid crypto market bounceback https://t.co/ZQMku7c3Bg
And another one .... @massmutual hold Bitcoin according to latest 13f filings with @SECGov . In a groundbreaking move, MassMutual, a prominent insurance company, has disclosed its exposure to Bitcoin ETFs in recent 13F filings, signaling a significant shift towards… https://t.co/iUFIVCvxLN
Digital Currency Group, the parent company of @grayscale, reported $229M in revenue in the first quarter, up 11% from Q4 as crypto prices rallied in the beginning of the year. @HeleneBraunn reports https://t.co/9sOzqLbMQv
May 9 Update: 9 ETFs decreased 195 $BTC(-$12M). #Grayscale decreased 466 $BTC(-$28.95M) and currently holds 291,802 $BTC($18.1B). https://t.co/bNhzFnZ8zT https://t.co/0ULOtTeCgK
JUST IN: 🇺🇸🏦 Investment Bank William Blair has #Bitcoin ETF exposure, per SEC filings today. They have $142B in client assets 🚀 https://t.co/o0HjGaNe8Q
JUST IN: 🏦 $142B Investment Bank William Blair has $6m #Bitcoin ETF exposure through GBTC. William Blair was founded in Chicago in 1935 🇺🇸 https://t.co/L6NQZZWrOr
JUST IN: 🇺🇸 Insurance giant MassMutual reports exposure to #Bitcoin ETFs in 13F filings. It's just getting started 🚀 https://t.co/tDztlblCCb
JUST IN: 🇺🇸 $570B insurance giant MassMutual reported owning #Bitcoin through the Grayscale ETF. 👉MassMutual bought $100m Bitcoin for its balance sheet in 2021 and was founded in 1851.
A week before end of Q1's 13F filling Total 813 enties related to US Bitcoin ETF in current filling. We notice that #Bitcoin is still people's favorite, and institutions are very interested. here are some insights about Bitcoin ETFs' institutional ownership (1/4)
🚨 NEW: SEC filings show the ROTHSCHILDS have $3.6m in #Bitcoin ETFs https://t.co/kmA9nZoMzb
BREAKING: 🇪🇺 European regulator considers allowing #Bitcoin exposure to be added to $12 TRILLION market for UCITS. ‼️UCITS are almost 2x bigger than US ETFs! 😱 https://t.co/uyY6eYWzzP
Only one spot bitcoin ETF recorded inflows yesterday https://t.co/EspRPITTQh
UPDATE: #BITCOIN SPOT ETFS SAW NET INFLOWS OF $11.54M ON MAY 8
Yesterday's inflows by @FarsideUK We had a positive but very quiet day with $11.5 million of inflows. All coming from the Bitwise ETF. Price continues to grind down. Trump says the endorses Crypto and will stop all hostilities to it. FTX will distribute 118% back to… https://t.co/y67eteBwlM
🟩 FINAL 5/8 U.S. Bitcoin ETF inflows of +$12 million ✅ Congrats to my favorite Bitcoin ETF, Bitwise's $BITB, for being the only ETF to buy #Bitcoin today w/ 185 BTC added 👇 https://t.co/uflOmbR3vH
[Tree] BlackRock (IBIT) Daily BTC Flows: 0.0m
US #Bitcoin Funds Fidelity, Ark Invest, Invesco Report Gains While GBTC Struggles Again https://t.co/zv0q8Dh4yd
🚨 GBTC with Zero net flows today First time ever for GBTC. Another great sign there selling is coming to an end. They've had 326,000 #Bitcoin in outflows since launching. https://t.co/awrvmTD7x0
The new ETF inflows: https://t.co/qKPsVROwzX https://t.co/aglrCf23nJ