The Grayscale Bitcoin Trust (GBTC) has experienced over $21 billion in withdrawals since its launch in January, making it the only U.S. spot Bitcoin ETF with a negative net investment flow. Averaging nearly $90 million in daily losses for the past 11 months, GBTC’s total outflows reached $21.045 billion by mid-December. In contrast, nine other ...
Bitcoin recently approached the significant $100,000 milestone, reaching a high of $99,645 on November 22. However, it has since faced some challenges, currently trading at $96,000 after a 2% drop over the past week. This fluctuation follows a period of heightened interest in spot Bitcoin ETFs, particularly in light of recent outflows on November 25 ...
Investor Tom Lee predicts that Bitcoin could rise an additional 150%, potentially reaching over $250,000 in the next year. In a conversation with Anthony Scaramucci on the Wealthion podcast, Lee emphasized that Bitcoin’s current technical trends and the anticipated pro-crypto policies of the incoming presidential administration support this optimistic forecast. He believes that if the ...
