Bitcoin’s price action was supported by last week’s strong inflows into spot bitcoin ETFs, attracting over $1.1 billion net fresh funds amid slowing outflows from incumbent funds such as Grayscale Bitcoin Trust (GBTC) and ProShares’ futures-based ETF (BITO), asset management firm CoinShares reported Monday. However, potential selling pressure from Genesis, a crypto lender under bankruptcy protection, liquidating its $1.6 billion worth of GBTC holdings could weigh on ETF net inflows and prices in the next months, the report added.
Tokenized Issuer Superstate Introduces New Tokenized Fund to Profit from BTC, ETH ‘Carry Trade’
Ethena's token generates yield from perpetual futures' funding rates and passes on the income to those who lock-up or stake,...