💰 GBTC Drops Nearly 3,000 BTC in a Day as Blackrock, Fidelity Command Record Inflow StreaksAs of yesterday, GBTC possessed 325,686.78 BTC, but as per Grayscale’s website, this figure has diminished to 322,697.17 BTC today. This indicates a reduction of 2,989.61 BTC from its holdings in just one day. On April 8, the fund experienced a substantial outflow of $303 million, dragging the total net flows of all ETFs into the red, even though every other fund recorded inflows. GBTC’s holdings are currently valued at approximately $23.12 billion, and since Jan. 12, 2024, the fund has reduced its bitcoin holdings by a total of 294,382.82 BTC.

Source

https://t.me/Bitcoin_NewsTg

💰 Bitcoin long-term holder begin to ease off profit-taking: GlassnodeBitcoin's March all-time high saw a spike in profit-taking by long-term holders, but this activity has since begun to taper off, a Glassnode report said. According to the report, the balance of assets between long-term bitcoin holders and new demand suggests the current market is in the early stages of a euphoria, or price discovery, phase. However, the Glassnode analysis noted that previous euphoria phases have experienced numerous price drawdowns exceeding 10%, with the majority being much deeper, with 25% plus price corrections being commonplace.

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https://t.me/Bitcoin_NewsTg

💰 BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur HayesThe Bitcoin halving this month, combined with a “bag of tricks” from the Federal Reserve and Treasury, will “add propellant to a raging firesale of crypto assets” and depress the crypto market for weeks, says BitMEX co-founder Arthur Hayes. In an April 8 blog post, Hayes wrote he believed the Bitcoin halving would “pump prices in the medium term” but warned crypto prices “directly before and after could be negative.”.

Source

https://t.me/Bitcoin_NewsTg

💰 Bitcoin Miners Score Record Monthly Revenues At Over $2 BillionThe Bitcoin mining industry had its most lucrative month ever in March, pocketing over $2 billion for securing the leading crypto network. The latest figure shatters the 30-day averages of the previous two months, which were just $48.31 million as of February 29, and $43.29 million as of January 31. Miner revenues are almost entirely dependent on Bitcoin’s market price, since the number of newly mined coins remains mostly the same at any given time, irrespective of demand. Throughout March, Bitcoin consistently traded above $60,000 USD, topping an all-time high of over $73,000 on March 13.

Source

https://t.me/Bitcoin_NewsTg

💰 Bitcoin Dips Below $66,000 Ahead of Fourth Halving, Loses Over 5% in 24 Hours 📉

The price of bitcoin experienced a decline on Monday, near 10:00 p.m. Eastern Time (ET), tumbling to a position slightly over the $66,000 mark. By 6:30 a.m. the following day, it had edged down further to reach its intraday low of $65,480 per unit. In the wake of this downturn, the crypto derivatives markets saw the liquidation of bitcoin long positions amounting to $135.3 million wiped out.

Source

https://t.me/Bitcoin_NewsTg

💰 Bitcoin leads over $800 million global crypto ETP market rebound, overshadowing Ethereum outflowsLast week, the digital asset market witnessed a significant influx of over $800 million, spearheaded by Bitcoin’s dominance, according to the weekly flow report shared by CoinShares‘ head of research James Butterfill. In comparison, outflows from Grayscale’s GBTC continue apace, with $960 million recorded during the past week. This brings the total outflows from GBTC to more than $6 billion in March and $14.7 billion on the year-to-date metrics.

Source

https://t.me/Bitcoin_NewsTg

💰 FTX seeks permission to speedily sell 8% stake in AnthropicBankrupt cryptocurrency exchange FTX is preparing to sell its most significant remaining illiquid asset: the 8% stake the company holds in valuable AI startup Anthropic, which received a $500 million investment from FTX's former CEO, Sam Bankman-Fried, in October 2021. The company, now led by CEO John Ray III, has filed a motion asking a judge to approve the sale of FTX's stake in Anthropic.

Source

https://t.me/Bitcoin_NewsTg

💰 Spot Bitcoin ETFs rank among largest commodity ETFs by assets heldSeveral recently launched spot Bitcoin ETFs now rank alongside the largest commodity ETFs in terms of assets under management (AUM). That data indicates that Grayscale’s GBTC has $20.5 billion in AUM, making it the third largest commodity ETF after two gold ETFs. Meanwhile, BlackRock’s IBIT is the seventh largest ETF on the list, with $2.8 billion in AUM. Fidelity’s FBTC is the ninth largest, with $2.5 billion in AUM.

Source

https://t.me/Bitcoin_NewsTg

🇭🇰 Hong Kong to release consultation on regulating OTC crypto venuesHong Kong’s top financial official said that the local government will soon publish a consultation on a proposed regulatory framework for over-the-counter crypto trading platforms as risks mount. Christopher Hui, Secretary for Financial Services and the Treasury, wrote in a blog post published today that OTC venues are easily accessible to the general public, and some were found involved in fraud cases.

Source

https://t.me/Bitcoin_NewsTg

🪙 Hong Kong finance firm VSFG targets to apply for spot Ethereum ETF in Q2Venture Smart Financial Holdings Ltd. (VSFG), a Hong Kong-based financial services firm, is preparing to apply for a spot Ethereum exchange-traded fund (ETF) in anticipation of potentially launching its spot bitcoin ETF in the first quarter. VSFG Chairman Lawrence Chu said that the firm is in the final phase of officially submitting its application for a spot bitcoin ETF to the Hong Kong Securities and Futures Commission.

Source

https://t.me/Bitcoin_NewsTg