{"id":257243,"date":"2024-03-01T17:17:25","date_gmt":"2024-03-01T11:47:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=257243"},"modified":"2024-03-01T17:17:25","modified_gmt":"2024-03-01T11:47:25","slug":"blackrocks-bitcoin-etf-sees-massive-inflow-while-grayscale-faces-second-largest-outflow-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blackrocks-bitcoin-etf-sees-massive-inflow-while-grayscale-faces-second-largest-outflow-crypto-news\/","title":{"rendered":"BlackRock\u2019s Bitcoin ETF sees massive inflow while Grayscale faces second largest outflow &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<h2>Quick Take<\/h2>\n<p>Data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/BitMEXResearch\/status\/1763474314609766412?s=20\">BitMEX<\/a> suggests that BlackRock\u2019s IBIT had another remarkable day for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/blackrock-leads-as-bitcoin-etfs-hit-record-673-million-inflow-in-a-single-day\/\">Bitcoin ETFs<\/a>. It witnessed the second-largest inflow since trading started, with $604 million coming under management, equivalent to roughly 10,000 BTC. This dramatic influx escalated the cumulative total of inflows for IBIT to an impressive $7.8 billion. As a result, BlackRock\u2019s total Bitcoin holdings have surged to 161,378 BTC.<\/p>\n<figure style=\"width: 548px\" class=\"wp-caption aligncenter\"><figcaption class=\"wp-caption-text\">Bitcoin ETF Data in dollars: (Source: BitMEX)<\/figcaption><\/figure>\n<p>Data from BitMEX also showed a massive outflow from the Grayscale Bitcoin Trust (GBTC), which experienced its second-largest outflow since inception, with a staggering $599 million exiting its ETF. This outflow has pushed GBTC\u2019s total outflows to a worrying $8.4 billion.<\/p>\n<p>Consequently, the total inflows on the day amounted to a mere $92 million, equivalent to roughly 1,500 BTC.<\/p>\n<figure style=\"width: 504px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GHkekuyXcAEdM06?format=png&amp;name=large\" alt=\"Bitcoin ETF Data in Bitcoin: (Source: BitMEX)\" width=\"504\" height=\"481\" \/><figcaption class=\"wp-caption-text\">Bitcoin ETF Data in Bitcoin: (Source: BitMEX)<\/figcaption><\/figure>\n<p>Furthermore, the total net flows for all spot Bitcoin ETFs have reached a significant benchmark of $7.5 billion, equating to roughly 146,522 BTC.<\/p>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/blackrocks-bitcoin-etf-sees-massive-inflow-while-grayscale-faces-second-largest-outflow\/\">BlackRock\u2019s Bitcoin ETF sees massive inflow while Grayscale faces second largest outflow<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\">CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take Data from BitMEX suggests that BlackRock\u2019s IBIT had another remarkable day for the Bitcoin ETFs. It witnessed the second-largest inflow since trading started, with $604 million coming under management, equivalent to roughly 10,000 BTC. This dramatic influx escalated the cumulative total of inflows for IBIT to an impressive $7.8 billion. As a result, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":257244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-257243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/257243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=257243"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/257243\/revisions"}],"predecessor-version":[{"id":257246,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/257243\/revisions\/257246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/257244"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=257243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=257243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=257243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}