Consistent Bitcoin exodus from exchanges highlights investor confidence

2024-5-29 14:50

Onchain Highlight

DEFINITION: Exchange Net Positon Change by Glassnode is the 30-day change in the supply held in exchange wallets.

Bitcoin’s exchange net position change has been experiencing notable fluctuations, influenced by various market factors. According to Glassnode data, the significant outflows from Bitcoin exchanges in 2023 have reversed in recent months. The trend of net withdrawals that dominated the market has shifted towards net inflows, indicating a change in investor behavior as more Bitcoin is being moved back onto exchanges.

Exchange Net Position Change, YTD: (Source: Glassnode)

This shift in exchange net position is mirrored by activities surrounding Bitcoin ETFs. BlackRock’s IBIT ETF notably attracted substantial inflows, contributing significantly to the overall increase in Bitcoin held on exchanges. On May 21, BlackRock’s ETF saw an inflow of $290 million, highlighting the growing institutional interest in Bitcoin.

Simultaneously, Grayscale’s Bitcoin Trust (GBTC) has continued to see outflows, though at a decreasing rate compared to earlier in the year. This outflow is partially offset by the inflows into other ETFs, demonstrating a redistribution of Bitcoin holdings among different types of investment vehicles.

The increasing exchange deposits and ETF inflows suggest that investors are positioning themselves for potential market movements, possibly anticipating future price changes or regulatory developments. This dynamic interplay between exchange net positions and ETF activities provides a comprehensive view of the current state of Bitcoin investment strategies.

Exchange Net Position Change, May 2019-May 2024: (Source: Glassnode)

The post Consistent Bitcoin exodus from exchanges highlights investor confidence appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

change exchange bitcoin position wallets held various

Источник: cryptoslate.com

change exchange → Результатов: 126


SEC/CFTC May Require Hedge Funds To Provide More Information On Crypto Exposure

Crypto has made its way into Wall Street and major financial entities in the legacy financial system, demanding a change in old regulatory structures. A document from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) hints at how these structures might be starting to shift. Related Reading: Elon Musk […]

2022-8-11 20:48


Фото:

Best Change, An Exchange Platform That Predates Cryptocurrencies Celebrates Its 15th Anniversary

DUBAI, UAE – JULY 8, 2022 – BestChange, a no-cost internet resource for finding the best exchange rate among reliable crypto exchangers, celebrated its 15th anniversary on the 19th of June. BestChange has over 200 registered currency exchange providers, and it gets real-time updates on currency conversion values and commission costs from each provider.  There […]

2022-7-9 21:55


Bitstamp Requires Its Users Provide Additional Info, To Align Itself With Regulators

Bitstamp cryptocurrency exchange moves forward to comply with regulations and requires its users to provide information about their original source of wealth. The company informed its users about the change in the exchange’s policy via emails sent on Wednesday and asked them to submit additional information on the trading platform. Related Reading | Iran’s Illegal […]

2022-4-19 07:00


How Coinbase Attempts To Stop An Increase In Surveillance From EU Regulators

Leading crypto exchange Coinbase has asked for support as it attempts to stop an upscale in surveillance and a potentially harmful change in regulation for Europe-based users. In a vote expected to take place on Thursday, March 31, the EU parliament will approve or denied a change to their Transfer of Funds Regulation. Related Reading […]

2022-3-29 21:00


SEC Rejects VanEck Spot Bitcoin ETF, But its Futures ETF Finally Coming Next Week

The US Securities and Exchange Commission (SEC) rejected rule changes that would have allowed the listing and trading of the VanEck Bitcoin exchange-traded fund (ETF). In March, the Cboe BZX Exchange filed a proposed rule change to list and trade shares of the Bitcoin Trust, but the SEC again rejected the physically-backed ETF after delaying […] The post SEC Rejects VanEck Spot Bitcoin ETF, But its Futures ETF Finally Coming Next Week first appeared on BitcoinExchangeGuide.

2021-11-13 18:15


US Senator puts pressure on SEC chair Gensler, says China’s crypto crackdown is a ‘big opportunity’ for America

Senator Pat Toomey of Pennsylvania said that China’s authoritarian crackdown on crypto should be taken as an advantage by the US.  To seize the opportunity, the US regulators need to change their “regulation-by-enforcement” ways, according to the Banking Committee Ranking Member, Toomey, who recently pressured the Securities and Exchange Commission (SEC) Chairman Gary Gensler to […] The post US Senator puts pressure on SEC chair Gensler, says China’s crypto crackdown is a ‘big opportunity’ for America appeared first on CryptoSlate.

2021-9-27 19:00


Tradefada Launch New and Improved App

The instant exchange of cryptocurrency with the naira and other fiat currencies just got a whole lot easier, thanks to a fresh re-launch of an innovative trading app, the TradeFada app. Developers of the app believe that through their product, they can bring the needed change and confidence to enable new traders to build up … Continued The post Tradefada Launch New and Improved App appeared first on BeInCrypto.

2021-5-14 15:43


Grayscale Buys A Stake in ClearShares; Helps Them Convert ‘PIFI’ to ‘BTC’ ETF

The world’s largest digital asset manager, Grayscale Investments, has purchased a stake in a little-known ETF provider, ClearShares. This is the same company that we reported this week filed with the Securities and Exchange Commission (SEC) to change its ticker from “PIFI” to “BTC,” effective from April 16, 2021.

2021-4-17 20:52


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

FET Drops 9% As ASI Token Merger Phase 1 Kicks Off

The Artificial Superintelligence Alliance (ASI) kicked off phase 1 of its token merger process. The project recently announced the beginning of the migration process with the delisting of Ocean Protocol (OCEAN) and SingularityNET (AGIX) from crypto exchanges.

FET, OCEAN, And AGIX Drop 8% After ASI Token Merger Delay

The Artificial Superintelligence Alliance (ASI) announced its token merger would be postponed to next month after presenting logistical and technical issues. The alliance was set to merge Fetch. AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) into the ASI token on Thursday.