| Mobile Web

Search results for Galaxy Research

Crypto

Hedge funds sell, sovereign wealth funds buy as bitcoin ETF holdings reshaped

Institutional selling of spot bitcoin exchange-traded funds during a bitcoin downturn was concentrated among a small number of hedge funds and banks, according to an analysis of 13F filings. Total holdings by 13F filers fell about 14 percent from end-September 2025 to end-June 2026, while others increased holdings. Morgan Stanley’s wealth unit and Abu Dhabi investors were among buyers. Galaxy said reduced arbitrage profitability drove selling as the futures basis narrowed.

Crypto

Galaxy Research says bitcoin bear market has ended, cites four signs of accumulation phase

Galaxy Research said bitcoin’s bear market ended in June and that the market has entered an accumulation phase. It said the current period is attractive for buying and holding, with bitcoin trading around $80,000 when the report was written. The firm cited four factors: improving technical indicators, easing institutional selling pressure, U.S. fiscal strains that could lift inflation pressure, and a shift in investor attention toward assets other than bitcoin.

Crypto

Mysterious string etched into Bitcoin for three weeks; Galaxy Digital says unlikely to be ciphertext

An unidentified string repeatedly recorded on the Bitcoin blockchain for three weeks is more likely data used to test automated tools than a genuine encrypted message, an analysis said. Galaxy Research, part of Galaxy Digital, reviewed the activity and found patterns consistent with automation and text characteristics that did not match common ciphers. The strings were written via OP_RETURN, enabled by relaxed Bitcoin Core v30 rules. Funding was traced to 0.033 bitcoin, but the operator was not identified.