Kole Lee, the leader of Stanford’s Blockchain Club pitched the student-run fund to invest in BlackRock's spot Bitcoin ETF as early as February.
Grayscale’s ETF bleeding has slowed again while other funds have seen another strong day of inflows lifting them to a fortnightly high.
BlackRock’s IBIT made up more than 50% of the daily trading volume and even smashed its own daily record by more than 30%.
Investors keep accumulating spot Bitcoin ETF shares as combined daily inflows broke another record at $631.3 million.
Bitcoin price hovers near the $43,000 level. Do bulls have plans to press BTC higher?
Analysts from JPMorgan believe the majority of “profit taking” from Grayscale’s Bitcoin Trust is now likely over, while U.S. Bitcoin funds have just recorded their biggest day of net outflows.
Grayscale GBTC outflows find a counterpart in net inflows to the remaining spot Bitcoin ETF funds. Here’s why it’s important.