Bitcoin prices hover near $52K, plus the latest spot ETF news

Bitcoin (BTC-USD) prices jumped this week , briefly touching $52,000 amid rising demand for Spot Bitcoin ETFs. The iShares Bitcoin Trust ETF (IBIT) saw the highest inflows at $5.2 billion. However, the Grayscale Bitcoin Trust (GBTC) lagged with over $6 billion in outflows.
Yahoo Finance Senior Markets Reporter Jared Blikre breaks down the details.
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Crypto getting an optimism boost as Bitcoin prices surge this week here with all the details as Yahoo finance’s very own Jared blickley Jared that’s right Josh I thought we’d do a quick update on the ETF and looking at all the flows into the spot Bitcoin ETFs and some of

The converted ones gbtc that’s grayscale that has actually experienced $6.9 billion worth of outflows this year and that’s counteracting a lot of inflows in fact without gbtc there would have been inflows of 11 what yeah 11 billion you take that out it’s not even quite five billion but after gbtc we’ve seen we’ve

Seen the ibit offering that’s uh I shares through black rock that has actually gained $5.2 billion that’s in the number one spot following that is Fidelity 3.7 billion and then you have Ark with about a billion 1.2 billion Trails off from there uh but I thought it’d be interesting to show the actual

Fund size as well now as a reminder the grayscale offering that came came out years ago in fact 2013 recently converted to an ETF so not surprisingly it has the most assets at about 23 billion and then you take a look at what’s in second place ey shares has

About 15 16% of the volume then the Fidelity offering just a little bit less than that and it Trails off qu pretty quickly there’s a huge marketing Blitz uh I shares Black Rock really uh put a lot of dollars to work here because whoever gets these Bitcoin assets is

Going to have a huge lead in the years to come so it’s a pretty powerful race when you consider all the management fees a lot of them have waved their management fees even uh at least for the first year or up to a certain billion dollars so we’ll see how that race

Continues but now let’s just take a look at the 7day uh price flows in terms of all this crypto we have Bitcoin that’s up about 8 and a half% ethereum up 11% and now if you take a look at who’s winning over the last week it’s actually ethereum and

Then IBA Eno and then Bitcoin cash but what’s interesting here is that the big guys ethereum and Bitcoin they’re pretty much the leaders um uh when you saw the the leadup years ago to those record prices you would see salana uh cardano those would be in the forfront but uh

Those are just kind of taking a back seat so it’s still about the majors here Bitcoin and ethereum let me just get a quick price check here and we got Bitcoin $ 51,8 20116 guys all right and we’ll see if we get an ethereum uh ETF some point as well that’s something that

Some investors have been looking forward to Jared thank you so much