Bitcoin crossed above $31,000 on April 14, hitting the highest since June 2022, per CoinDesk data. Since then, the cryptocurrency’s price has dropped by 12% to $27,500, while Nasdaq has risen by over 2% since mid-April. The Nasdaq-to-S&P 500 ratio, which bitcoin has closely followed in the past, has also increased by over 2% during that time period.
Grayscale’s GBTC Sees Inflow for First Time Since Bitcoin ETF’s January Debut
While the Friday inflow ends the streak of net GBTC withdrawals, BlackRock's iShares Bitcoin Trust (IBIT) is challenging the fund...