8 months ago
Statistics uncover that Grayscale’s Bitcoin Trust (GBTC) has offloaded a further quantity of bitcoin, with the fund’s holdings decreasing from Tuesday’s 552,681.22 bitcoin to Wednesday’s full of 536,694.93 bitcoin. Over the past day, the money experienced an outflow of 15,986.29 bitcoin, arsenic per information from the authoritative website.
Grayscale’s Bitcoin Trust Reduces Holdings by Over 15,900 Bitcoin successful a Single Day
As of Jan. 24, 2024, information from Grayscale’s website indicates that their fund’s bitcoin holdings magnitude to 536,694.93 BTC, valued astatine astir $21.01 billion. The erstwhile day, the fund’s equilibrium stood astatine 552,681.22 BTC, signifying that Tuesday witnessed an exodus of 15,986.29 BTC, equivalent to implicit $635 million, marking different important withdrawal.
Back connected Jan. 12, Grayscale’s money possessed 617,079.99 BTC, which means that since then, determination has been a departure of 80,385.06 BTC, translating to a worth of $3.19 cardinal from the fund. Once again, GBTC led the trading measurement among the 10 spot bitcoin exchange-traded funds (ETFs) connected Tuesday, signaling a important $762 million.
The corporate measurement for each 10 ETFs reached $1.6 cardinal connected Jan. 23, with Fidelity’s FBTC ranking second, achieving $357 cardinal successful full commercialized volume. Blackrock‘s daily holdings update connected Wednesday shows that IBIT presently possesses 44,004.52 BTC, valued astatine astir $1.74 cardinal based connected existent BTC speech rates.
Fidelity’s FBTC holds 38,149.16 BTC, worthy astir $1.51 billion. According to its latest web portal update, Bitwise’s BITB has 11,858.63 BTC successful its coffers. Vaneck’s HODL ETF is reported to person astir 2,715.77 BTC astatine present.
Franklin Templeton’s EZBC encompasses 1,305 BTC, portion Ark Invest’s ETF boasts 12,255 BTC. Invesco, though not disclosing the nonstop fig of BTC held, is presumed to person 6,339 BTC successful its Invesco Galaxy ETF BTCO, inferred from its assets nether absorption (AUM) value.
On Jan. 24, Wisdomtree’s BTCW ETF has 191 BTC, and Valkyrie’s BRRR ETF manages 2,201.50 BTC. Cumulatively, these 9 spot bitcoin ETFs clasp a important full of 118,019.58 BTC, valued astatine $4.69 billion, according to the prevailing speech rates.
What bash you deliberation astir the 118,000 bitcoins held by the recently introduced spot bitcoin ETFs? Share your thoughts and opinions astir this taxable successful the comments conception below.
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