gbtc

According to Arkham monitoring, addresses related to Grayscale Bitcoin Trust transferred 340.449091 BTC to two addresses including Coinbase Prime Deposit, worth approximately $26.9186 million.

Bitget announced a comprehensive upgrade to its BGBTC, adding daily coin-based earnings, large-scale rapid redemption, and institutional-level risk management. This upgrade also introduces an independent Curator mechanism, with the DeFi risk management agency Gauntlet responsible for supervising the underlying earnings strategy and risk management, adding independent strategy reviews beyond asset custody to strengthen portfolio monitoring, risk control, and long-term earnings sustainability. Currently, BGBTC supports the deployment of earnings strategies on the Morph chain, further expanding multi-chain earnings channels and application scenarios.At the infrastructure level, Bitget uses Chainlink CCIP as the official cross-chain solution for BGBTC and continues the Chainlink Proof of Reserve program, providing real-time transparency and verifiable reserve guarantees for its 1:1 pegged Bitcoin. The upgraded BGBTC can still be used for contract margins, loan collateral, and participation in Launchpool and PoolX while obtaining earnings, further enhancing capital efficiency while retaining asset liquidity.

According to SoSoValue data, yesterday (Eastern Time July 8) the total net outflow of Bitcoin spot ETFs was $84.8601 million.The Bitcoin spot ETF with the highest single-day net inflow yesterday was Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of $52.8336 million, bringing the historical total net inflow of BTC to $2.493 billion. The Bitcoin spot ETF with the highest single-day net outflow yesterday was Grayscale ETF GBTC, with a single-day net outflow of $63.6893 million, bringing the historical total net outflow of GBTC to $27.279 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $75.339 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.05%, and the historical cumulative net inflow has reached $51.281 billion.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $64.0862 million. The Bitcoin spot ETF with the highest net inflow in a single day is Blackrock ETF IBIT, with a single-day net inflow of $66.4488 million, and the historical total net inflow of IBIT currently stands at $6.2181 billion. The second is Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of $10.5999 million, and the historical total net inflow of BTC currently stands at $2.309 billion.The Bitcoin spot ETF with the highest net outflow in a single day is Grayscale ETF GBTC, with a single-day net outflow of $124 million, and the historical total net outflow of GBTC currently stands at $26.975 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs is $83.329 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.25%, with a historical cumulative net inflow of $5.356 billion.

10x Research published an analysis on platform X, pointing out that as Bitcoin volatility continues to decline, the NAV premiums of most Bitcoin treasury companies have significantly compressed, with some even turning into substantial discounts, and related investor losses have begun to manifest.Historically, Grayscale's GBTC once experienced a 47% discount in December 2022, at which time investors could almost buy Bitcoin through this product at an implied price of less than $10,000. The market mistakenly viewed traditional financial crypto asset packaged products as "Bitcoin leverage tools," but these structures are actually more similar to options products: when volatility rises, implied value expands, while when volatility decreases, valuations are compressed.

Bitget will launch Bitget BTC (BGBTC) spot trading. The deposit channel is now open, and the trading channel will open on April 21 at 18:00 (UTC+8).It is reported that BGBTC is a yield-bearing wrapped asset launched by Bitget, pegged 1:1 to native BTC. Simply holding it in a Bitget account allows users to automatically earn daily DeFi yields on BGBTC on-chain. For more product details, please check the official Bitget platform.

According to SoSoValue data, yesterday (Eastern Time January 20) saw a total net outflow of $483 million from Bitcoin spot ETFs.The Bitcoin spot ETF with the highest single-day net outflow yesterday was Grayscale ETF GBTC, with a net outflow of $161 million. Currently, the historical total net outflow for GBTC has reached $25.574 billion.Following that was Fidelity ETF FBTC, with a single-day net outflow of $152 million. Currently, the historical total net inflow for FBTC has reached $11.764 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $116.735 billion, and the ETF net asset ratio (market value compared to the total market value of Bitcoin) is 6.51%. The historical cumulative net inflow has reached $57.339 billion.

On-chain data shows that Grayscale Bitcoin Trust (GBTC) and Bitcoin Mini Trust addresses transferred a total of approximately 173.68 BTC (about 19.09 million USD) to Coinbase Prime. Among them: Grayscale Bitcoin Mini Trust transferred 79.68 BTC (about 8.76 million USD); Grayscale Bitcoin Trust transferred 94 BTC (about 10.33 million USD).

ChainCatcher news, according to Forbes, former GoldenTree Asset Management partner Steven Tananbaum, Joe Naggar, is launching an independently operated hedge fund with a management scale of $300 million, marking the official split of his team from the cryptocurrency-focused investment firm Republic.Now, Naggar and his team operate independently under the name Feynman Point Asset Management, which focuses on the digital asset market and cutting-edge technology. Despite undergoing multiple transformations, the fund's performance remains outstanding. According to Feynman Point Asset Management, since its establishment in 2022, supporters including the $600 million Swiss fund L1D and the New York Blockchain Investment Group have achieved an annualized net return of over 42%. Successful trades include purchasing Grayscale Bitcoin Trust (GBTC) at a 40% discount to the underlying asset, early investment in the high-performing decentralized exchange Hyperliquid, and equity investment in Ripple.