Spot ETF chart

U.S. Spot Bitcoin ETF Sees Second-Highest Trading Volume in History

On Monday, the U.S. spot Bitcoin ETF witnessed its second-highest daily trading volume, reaching $5.5 billion, according to Bloomberg analyst Eric Balchunas. BlackRock’s IBIT trading volume alone stood at $2.4 billion, with assets under management (AUM) exceeding $11 billion. Grayscale, Fidelity, ARK, Bitwise, and others also reported significant trading volumes, reflecting a surge in investor interest. Balchunas highlighted the impressive performance of these ETFs, suggesting a continuation of the bullish trend

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Decentralized AI

AI Tokens To Democratize Access to AI Models

The global AI market is set to soar to $1,057.47 billion by 2030, fueling a surge in AI-related stocks like Nvidia, which has seen a staggering 1,900% increase in shares over the past five years. Despite this growth, challenges persist in the centralized nature of AI, prompting calls for decentralized solutions. Dan Thomson, CEO of Sensay, advocates for AI tokens to democratize access to AI technology, while John Arrow, Co-Founder of FreedomGPT, highlights their role in incentivizing user participation and powering decentralized AI networks.

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Grayscale banner, a bitcoin at the background and a waterfall

Grayscale’s Bitcoin Spot ETF GTC Sees Net Outflow of $394 Million

According to a news article, Grayscale’s Bitcoin spot ETF GTC had a net outflow of $394 million on January 25, with a single-day trading volume of $502 million . Net outflows slowed slightly over 3 trading days ($429 million on January 24, $515 million on January 23, and $640 million on January 22) . Grayscale ETF’s cumulative net outflows have reached US$4.079 billion, and it still holds US$20.028 billion in net assets .

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Grayscale banner and Bitcoin on an illuminated board with "SELL" written on it

Grayscale Bitcoin Outflows Surge Post-ETF Launch, Signalling Potential Sell-Off Exhaustion?

Grayscale, the world’s largest digital asset manager, has witnessed a significant outflow of Bitcoin (BTC) since the debut of its spot Bitcoin ETF, GBTC, on January 11, 2024. According to blockchain analytics firm Arkham Intelligence, nearly 113,000 BTC have been shifted from Grayscale wallets, primarily to Coinbase Prime, suggesting potential preparation for large-scale selling. This comes amidst declining GBTC trading volume, raising questions about a potential exhaustion of the recent sell-off.

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A chart with Bitcoin logo making higher volume than silver

Bitcoin ETFs Surge: Spot Surpasses Silver, Newborn Nine See Volume Spike

The rise of US Bitcoin ETFs reaches new heights as they take silver’s crown to become the second-largest single commodity ETF. Spot BTC ETFs soar past silver with a $27.5 billion AUM, representing 647,651 BTC. Meanwhile, the “Newborn Nine” defy convention with a 34% volume surge, hinting at a shift in investor preferences.

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EARTH and Bitcoin price chart

Arthus Hayes Says That Bitcoin Price Discovery May Shift with ETF Boom

he winds of change are blowing in the Bitcoinsphere, and BitMEX founder Arthur Hayes is at the helm, predicting a potential shift in price discovery if the anticipated Bitcoin spot ETF explodes onto the scene. In a recent blog post, Hayes paints a vivid picture of massive fund managers setting up global distribution networks, funneling billions into the ETF and dramatically increasing trading volume. This, he argues, could lead to a fascinating phenomenon: the center of gravity for Bitcoin price discovery migrating from the East, where Binance currently reigns supreme, to the Western financial hubs.

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