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GBTC 12th day net outflows slow as Bitwise BTC Spot ETF AUM tops $600 million

The Grayscale GBTC ETF saw net outflows of $192 million on its 12th trading day. This marks the lowest daily net outflow since the ETF was launched. "GBTC ETF outflows have been slowing over time," said Bloomberg analyst James Seifat. Meanwhile, Hunter Horsley, CEO of crypto asset manager Bitwise Asset Management, told X that the Bitwise BTC Spot ETF (BITB) has surpassed $600 million in assets under management (AUM) after 12 trading days. In addition, bitcoin whales, including institutions, reportedly bought $6 billion of BTC during the last short-term dip.

Binance WBTC plunges to $5200, then recovers

Cointelegraph reports, “A flash crash in the price of WBTC occurred on Binance on Nov. 23 (local time). This caused WBTC to briefly drop from $98,000 to $5,200, but has since recovered. The cause of the error is still unknown.

blockchain crypto cryptocurrency Trump nominates Crypto Proponent Secretary (SpotedCrypto)

Trump nominates 'Crypto Proponent' Howard Lutnick as Commerce Secretary, while US SEC chairman struggles to narrow down candidates to four.

US President-elect Donald Trump has nominated US investment bank Cantor Fitzgerald CEO Howard Lutnick to serve as Secretary of Commerce, according to the Wall Street Journal (WSJ). Lutnick is an avid supporter of Bitcoin and Tether (USDT), with Cantor Fitzgerald reportedly serving as Tether's U.S. Treasury bond

blockchain crypto cryptocurrency IBIT Option hit 1.9B first day od trading (SpotedCrypto)

BlackRock IBIT Options Hit $1.9 Billion in First Day of Trading, Grayscale Begins Trading on November 20th.

Bloomberg ETFs analyst James Seyffart reports via X that “Options volume on BlackRock's bitcoin spot ETF IBIT, which began trading today (Nov. 19), was about $1.9 billion. A total of 35.4 million contracts were active, of which 28.9 million were calls (82%) and 65,000

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