From a macro perspective, a long period of accommodative monetary policy underpinned a strong rally in speculative assets, such as stocks and cryptos, over the past few years. Bitcoin, in particular, has traded within four-year bull and bear cycles that produced higher returns relative to stocks, albeit with more volatility.
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...