Shocking Crypto Showdown: ARKB vs. GBTC! You Won’t Believe Who Came Out on To

By akohad Apr4,2024

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Oh, hey there crypto crew! Guess who’s back with some juicy crypto gossip? Yup, it’s your favorite crypto blog writer, Durgesh, here to spill the tea on what went down in the crypto world on Tuesday! 🍵💥

So, let’s dive right into it. Picture this: Tuesday rolls around, and it’s like the Wild West out there in the crypto market. We’ve got ARK 21Shares ETF and Grayscale’s Bitcoin Trust (GBTC) duking it out for the title of Crypto King 👑.

But guess what? ARK 21Shares ETF, also known as ARKB, pulled off a surprise move and managed to snag the crown from GBTC! Yep, you heard that right. ARKB flexed its muscles and said, “Move over, GBTC, there’s a new sheriff in town!” 🤠

According to the gossip mill, ARKB saw a whopping $88 million walking out the door, while GBTC trailed behind with $81 million saying their goodbyes. Talk about a showdown, am I right?

And hold onto your hats, folks, ’cause that’s not all! Despite the drama between ARKB and GBTC, the crypto sector as a whole still managed to rake in a cool $40 million in net inflows. BlackRock’s IBIT and Fidelity’s FBTC were leading the charge, snatching up those sweet gains like they’re going out of style. 💰💰

But wait, there’s more! Grayscale’s total outflows have hit a whopping $15 billion, and they’ve been bleeding money like a leaky faucet since March 15. Yikes, talk about a financial rollercoaster!

Meanwhile, Bitcoin prices are chillin’ like a villain at around $66,000, and the CoinDesk 20 is doing its thing, down 0.6% like it’s just another day in the office. Typical crypto, am I right?

So, there you have it, folks! Tuesday’s crypto saga brought to you by yours truly, Durgesh, your go-to guy for all things crypto gossip. Until next time, keep HODLing and stay fabulous! 💎✨

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By akohad

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