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home / news releases / OBTC - VanEck April 2024 Bitcoin ChainCheck

OBTC - VanEck April 2024 Bitcoin ChainCheck

Osprey Bitcoin Trust Unit Ben Int

2024-05-03 15:40:00 ET

Summary

  • The immediate aftermath of the bitcoin halving has seen a slight dip in price by 2% over the last 30 days, settling at $66,472.
  • The annualized cost to roll Bitcoin Futures decreased 31% to 15%, indicating a significant reduction in market leverage and bullish sentiment post-halving.
  • Miners' daily revenues slightly declined by 5% to $61.9 million but remain extraordinarily high historically in the 99th percentile, thanks to the elevated Bitcoin prices and transaction fees.

April's on-chain, post-halving Bitcoin snapshot: Minor revenue dip for miners, rising transaction fees, slight price decline with strong year-over-year growth....

For further details see:

VanEck April 2024 Bitcoin ChainCheck
Stock Information
Company Name: Osprey Bitcoin Trust Unit Ben Int
Stock Symbol: OBTC
Market: OTC
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