Grayscale CEO: Bitcoin ETF Flows Reaching 'Equilibrium' as GBTC Outflows Continue
Michael Sonnenshein said that early outflows from GBTC were "anticipated," and linked to the bankruptcy settlements of crypto firms such as FTX.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
One Vanguard job posting could decide how crypto reaches 50 million investors
Vanguard posted a Head of Digital Assets, Personal Wealth role on July 6, with openings in Dallas, Scottsdale, Charlotte, and Malv...
Bitcoin ETFs draw $500M but weak demand leaves rebound exposed
US spot Bitcoin exchange-traded funds drew nearly $500 million across the last two trading sessions, giving traders their first cl...
Sam Altman ChatGPT AI Predicts Insane Bitcoin Price by 2026
Sam Altman ChatGPT AI just circled November on the calendar and put a number next to Bitcoin Price Prediction. The model predicts...
BlackRock put $209M behind Bitcoin’s rebound but can it last?
U.S. spot Bitcoin ETFs turned positive again on July 6, and the clearest question for Bitcoin is whether BlackRock's IBIT provided...
After crashing 99.9%, this BTC treasury stock crashed 99.9% — again
BTC treasury company Hyperscale Data saw its split-adjusted stock price drop to below $0.14 yesterday — a figure that represents j...
Total crypto market cap declined 16.9% to $2.13T, reflecting weak institutional flows and dependence on ETFs
The decline in crypto market cap highlights vulnerabilities in institutional support and ETF reliance, amid macroeconomic pressure...