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home / news releases / GBTC - VanEck May 2024 Bitcoin ChainCheck

GBTC - VanEck May 2024 Bitcoin ChainCheck

Bitcoin Investment Trust

2024-06-01 04:55:00 ET

Summary

  • In our May 2024 Bitcoin ChainCheck, we dive deeper into the shifts within the Bitcoin ecosystem following the recent halving event.
  • Bitcoin prices displayed a slight decline of 2% over the last 30 days, currently standing at $64,815.
  • The annualized cost on Bitcoin Futures saw a significant reduction to 10%, possibly indicating decreased speculation or lower bullish sentiment in the market.

The latest analysis of the Bitcoin ecosystem shows major shifts post-halving, with decreased inscriptions and revenues prompting miners to explore AI and M&A for diversification.

For further details see:

VanEck May 2024 Bitcoin ChainCheck
Stock Information
Company Name: Bitcoin Investment Trust
Stock Symbol: GBTC
Market: OTC
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