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In one of the largest single-day inflows since Ethereum ETFs launched, three of the world’s biggest asset managers BlackRock, Fidelity, and Grayscale collectively purchased more than $1 billion worth of ETH on August 11, according to on-chain data reviewed by Finbold. BlackRock’s Ethereum ETF (ETHA) accounted for the lion’s share, adding $639.8 million in inflows, while Fidelity contributed $276.9 million and Grayscale purchased roughly $80 million. The buying brought total Ethereum ETF inflows to $1.54 billion between August 11 and 12, based on Farside Investors data. Arkham Intelligence wallet-tracking shows multiple high-value transfers from Coinbase Prime to BlackRock’s ETF wallets, with single transactions exceeding $43 million. Notably, the surge lifts cumulative ETHA inflows above $10.8 billion since launch. ETFS JUST BOUGHT $1 BILLION USD OF ETHEREUM BLACKROCK BOUGHT $640M $ETH FIDELITY BOUGHT $270M $ETH GRAYSCALE BOUGHT $80M $ETH THE INSTITUTIONS ARE COMING ...

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According to reports from Bloomberg Intelligence, Grayscale’s Bitcoin ETF has experienced significant withdrawals, amounting to approximately $579 million.  The magnitude of this withdrawal is notable in the context of the broader market for Bitcoin ETFs. Contrastingly, other spot Bitcoin ETFs have attracted nearly $819 million in investments. This stark divergence in investor behavior underscores a critical assessment of the Grayscale Bitcoin ETF’s performance post-SEC approval. Initial enthusiasm, marked by a trading volume of over $2.3 billion on the ETF’s inaugural day, has cooled, with these outflow s suggesting a shift in investor sentiment. You might also like: Cantor Fitzgerald CEO confirms Tether’s legitimate $86b assets The withdrawal trend from the Grayscale ETF aligns with previous projections by analysts, which anticipated over $1 billion being pulled from the fund in the ensuing weeks. A contributing factor to this outflow could be the fund...

Bitcoin reached the $36,780 mark as analysts say the SEC has entered a window to approve all the current applications for spot Bitcoin ETFs. Although the crypto market expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot Bitcoin exchange-traded funds (ETFs) by Jan. 10, 2024, there’s still a possibility the watchdog might do it even earlier. New Research note from me today . We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals . But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *COULD* occur pic.twitter.com/u6dBva1ytD — James Seyffart (@JSeyff) November 8, 2023 In an X post on Nov. 8, Bloomberg Intelligence Research James Seyffart noted that the SEC has entered a brief eight-day window to approve all 12 spot Bitcoin ETFs, including the one submitted by Grayscale Investments. Bitcoin price | Source: crypto.news Amid the news, Bitcoin price surged by 5%, s...

Grayscale’s Ethereum, Litecoin and Bitcoin Cash Trusts are at steep discounts as concerns whirl around Digital Currency Group’s liquidity. The Grayscale Ethereum Trust (ETHE) is trading at nearly a 60% discount to the underlying value of its assets, with shares falling 93% from its Jun. 2019 all-time high (ATH). There are many reasons behind the ongoing decline, but in recent weeks fears have grown that fallout from parent company Digital Currency Group’s debt of approximately $1.675 billion to troubled crypto lender Genesis could impact Grayscale assets. YCharts data shows a 59.39% discount at the time of writing, a level the trust has traded at since at least Dec. 28. A one-year chart for the Grayscale Ethereum Trust’s discount. Image: YCharts Crypto Twitter influencer “db” tweeted an image on Jan. 4 depicting the entire collection of Grayscale crypto-based trusts with statistics showing their respective premium. Every Grayscale trust and their respective premium % pic.twitter.com/T...

Bitcoin does not look good when it comes to sustained BTC price upside, traders warn, as GBTC reaches a fresh record discount. Bitcoin (BTC) stayed rigid below $17,000 at the Dec. 19 Wall Street open as skeptical traders feared more downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC traders call time on upside potential Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around the $16,700 mark, practically unmoved over the weekend. The pair saw only fractional volatility at the open, as United States equities fell slightly. At the time of writing, the S&P 500 and Nasdaq Composite Index were down 0.5% and 1%, respectively. For Bitcoin traders, there was little to celebrate, with consensus forming around the potential for testing lower levels next. “Bearish as long as it stays below the $19k,” Crypto Poseidon summarized alongside a chart. BTC/USD annotated chart. Source: Crypto Poseidon/ Twitter Popular trader and analyst Rekt Capital...