Grayscale records their lowest outflows level
Outflows at Grayscale, which has seen billions of dollars in outflows following the conversion of GBTC into a Bitcoin ETF, reached their lowest level since January 11 on Friday.
Outflows at Grayscale, which has seen billions of dollars in outflows following the conversion of GBTC into a Bitcoin ETF, reached their lowest level since January 11 on Friday.
Overnight, there was a hack on MicroStrategy’s X account, which has 190,000 Bitcoin. The account gave users a bait link and tweeted that an MSTR token had been issued. The approximate cost of losing followers who clicked this link was $450,000.
Bitcoin ETFs, which declined for the first time in 17 days on Wednesday, returned strongly yesterday. There was a net inflow of $250 million into ETFs, while Grayscale also saw its second-lowest outflow with a net outflow of $55.67 million from GBTC. On the other hand, Fidelity received the most investment yesterday.
Kraken, the second largest exchange in the United States, was also added to the crypto platforms resisting the SEC. Kraken announced that the lawsuit filed against them in November was unfair and that it requested the court to dismiss the case.
The wallet of Jeffrey Zirlin, founder of Sky Mavis, the gaming company behind the Axie Infinity game, was hacked. Zirlin lost $9.7 million of Ether. The stolen Ethers were sent to Tornado Cash in a short time.
Matrixport, a company that provides digital asset services and has been talked about with the reports it has recently published, has once again attracted reaction from the cryptocurrency industry. The fact that the last report was quite simple and included issues that many people have been talking about in the last year, was criticized on social media.
Steven McClurg, Chief Investment Officer of Valkyrie, whose Bitcoin spot ETF product is one of the companies traded in the USA, stated that he does not expect the Ether ETF to be approved soon. Approval is likely to come next year or the year after, he said.
Justin Sun, the founder of TRON, seems to be continuing his recent Ether purchases. The ETH value of the account, which is known for the withdrawals made to the “0x7a95” wallet immediately after the purchases made through Binance and decentralized exchanges, increased to $259 million with the last transactions yesterday.
Trading volumes of VanEck’s HODL, one of the ten spot Bitcoin exchange-traded funds in the U.S. (ETF), surged over 2,200% on Tuesday. Analysts did not provide a clear explanation on the issue, stating that the increase in volume was not caused by a big whale and was due to money coming from the other investors.
Michael Saylor, who the co-founder of MicroStrategy, which has been buying Bitcoin since August 2020—claimed he was not thinking of selling the cryptocurrency. Saylor said, “Bitcoin is the exit strategy,” is competing it with asset classes such as gold, real estate or even the S&P index.