WisdomTree Bitcoin Fund Price & Performance (BTCW)

Franklin Templeton has joined the competition for XRP ETFs, filing a proposal to launch its own product. As the largest player in this space, their entry has sparked discussions about market potential. Other applicants include WisdomTree and Grayscale. XRP's price rose 4.13% following the news, reflecting heightened investor optimism.1

Mt. Gox executed a significant transfer of 11,834 Bitcoins, valued at $931.19 million, amid a turbulent crypto market. This follows earlier large transactions by the exchange, which went bankrupt in 2014. While repayments to creditors are ongoing, these movements have reignited fears of potential market disruptions.1

The WisdomTree Bitcoin ETF experienced a $12.5 million outflow, reflecting cautious investor sentiment amid market fluctuations. The fund's trading volume surged to 2.3 million shares, up from its monthly average, suggesting active portfolio rebalancing. This outflow coincided with a 1.2% drop in Bitcoin's price.2