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BlackRock’s IBIT spot Bitcoin ETF (exchange-traded fund) helped the funds maintain their daily inflow streak as analysts from crypto exchange Bitfinex say sell-side pressure for BTC is cooling off. Data from Farside Investors shows that IBIT recorded $596.1 million net inflows yesterday, pushing the funds’ collective net inflow streak to three days. ARKB Bitcoin ETF Suffers Over $200 Million Net Outflows Ark’s ARKB was the US spot Bitcoin ETF that posted the biggest outflows on Jan. 7, with $212.6 million withdrawn from the fund’s reserves. This was after investors poured $152.6 million into the ETF the day before. Grayscale’s GBTC registered the second biggest outflows of the day with $125.4 million being withdrawn from the fund. 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶&#12031...

Online mentions of “Uptober” have been on a downward trend since the beginning of the month, with “Selltober” and “Octobear” becoming more prevalent on social media platforms as hopes for a powerful bull run this month diminish . That’s according to on-chain analytics platform Santiment, which said that traders have ditched the idea that this October will repeat the month’s historical track record of being an “automatic money printer for crypto.” Don’t Give Up On Uptober Just Yet, Say Some Analysts But analyst Michael van de Poppe said that “it’s relatively standard” for BTC to correct in the first week of October. He predicted that Bitcoin’s negative trend will “reverse from next week,” and added that any dips in the next few weeks should be seen as buy opportunities. BTC dropped more than 6% over the past 7 days to trade at $61,330.03 as of 3:29 a.m. EST. Despite this decline,...

US spot Bitcoin ETFs (exchange-traded funds) recorded $81.36 million net outflows yesterday to bring an end to a two-day positive flow streak as Bitwise says around 66% of institutional investors either increased or maintained their BTC ETF positions in Q2. BlackRock’s IBIT and Franklin’s EZBC were the only two funds to record net inflows on Aug. 14. IBIT saw its reserves grow by $2.68 million, while EZBC saw net inflows of $3.42 million, according to data from SosoValue . Grayscale’s Bitcoin ETF Takes Another Hit, Records Largest Outflows Grayscale’s GBTC took another knock and suffered $56.87 million inflows yesterday. Fidelity’s FBTC registered the second largest outflows for the day after $18.05 million left the fund. During the same trading session, Ark and 21Shares’ ARKB and Bitwise’s BITB also saw outflows of $6.77 million and $5.78 million, respectively. The remaining 6 funds recorded no flows. Trading volume for spot Bitcoin ETFs ...

Available data and expert submissions show Grayscale’s Bitcoin Trusts (GBTC) outflows are trending down, suggesting that the dumping spree may soon end. Although the outflow number is still considerably large, a rebound looks to be on the horizon for $BTC prices, and investors’ confidence is gradually returning. Galaxy Fox holders also expect a significant rally from the meme coin post-presale. The meme coin has performed impressively in its ICO phase, and observers expect more in its retail phase.  Galaxy Fox sets for retail exchange debut  Galaxy Fox is a new token on the rise. The multi-utility token aims to dominate the crypto space and yield profit for investors while at it. Galaxy Fox will be a beneficial currency in web3 space. It will play vital roles on numerous web3 platforms while overseeing everything in its ecosystem. The purchase-worthy meme coin has shown a glimpse of its profitability on presale, and many expect it to k...

Investor interest in newly launched spot Bitcoin ETFs seems to wane, as another $80 million net outflow was recorded yesterday.  According to Bloomberg reports, Bitcoin ETFs witnessed an approximately $270 million inflow on Wednesday. However, factoring in the withdrawals from Grayscale Investment’s Bitcoin ETF, the net outflow s totaled about $153 million on that day. The trend continued today with a $80 million net outflow , marking the fourth straight day of net withdrawals across these 10 funds.  These outflow s were solely from the Grayscale Bitcoin Trust (GBTC), which transitioned into an ETF following the green light from the U.S. Securities and Exchange Commission. Since its transformation into an ETF on Jan. 11, GBTC, active for over a decade, has seen approximately $4.8 billion withdrawn.  You might also like: Tokens surge double digits as Bitcoin shrugs GBTC stream Bitcoin Spot ETF Flow – Day 10 Data out for all providers $80m net outflow for day 1...