8 months ago
Based connected the latest data, the precocious introduced spot bitcoin exchange-traded funds (ETFs) experienced their lowest trading measurement time since Jan. 11, 2024, signaling astir $1.28 cardinal successful measurement connected Wednesday. Additionally, figures bespeak that Grayscale’s Bitcoin Trust GBTC has offloaded different tranche of bitcoins, totaling 13,178.50 bitcoin valued astatine $527 million, successful the past 24 hours.
Spot Bitcoin ETFs Hit Lowest Volume Since Jan. 11; Grayscale Unloads Over 13,000 Bitcoin, 9 New ETFs Hold $4.91B successful Assets
As of Thursday, Jan. 25, Grayscale’s GBTC possesses 523,516.43 BTC, valued astir astatine $20.71 cardinal based connected the existent BTC speech rates. This fig is 13,178.50 BTC little than the erstwhile time erstwhile the holding was 536,694.93 BTC. Consequently, since Jan. 12, 2024, GBTC’s bitcoin holdings person diminished by 93,563.56 bitcoin, equivalent to a worth of $3.74 billion.
Despite Wednesday’s trading sessions being little vigorous than earlier days, GBTC remained a large player, commanding $610 cardinal of the day’s full $1.28 billion successful trading volume. In contrast, different spot bitcoin ETFs are steadily accumulating bitcoins. Blackrock’s IBIT presently possesses 45,668.08 BTC, valued astatine astir $1.83 billion.
Fidelity’s FBTC has yet to update its regular figures, with the past recorded magnitude connected Jan. 24 being 38,149.16 BTC. However, onchain metrics arsenic of 8:00 a.m. Eastern Time connected Thursday suggest FBTC present contains 39,319 BTC. On Wednesday, Ark Invest’s ETF had a holding of 12,880 BTC, which accrued to 12,880 BTC by Thursday. Bitwise’s holdings stay static, with its code “1CKVs” continuing to unafraid 11,858.64 BTC.
Vaneck’s HODL ETF has experienced a humble rise, moving from 2,715.77 BTC to 2,772.33 BTC wrong a day. Similarly, Franklin Templeton’s EZBC has escalated from 1,305 BTC to 1,344 BTC. The Invesco Galaxy ETF, known arsenic BTCO, maintains an estimated 6,339 BTC based connected its assets nether absorption (AUM). Valkyrie’s BRRR ETF has ascended from 2,201.50 BTC to a contiguous full of 2,429.72 BTC, portion Wisdomtree’s BTCW ETF has accrued from 191 BTC to 201 BTC. Collectively, these recently launched spot bitcoin ETFs present clasp a cumulative full of 122,831.77 BTC, worthy an estimated $4.91 billion.
What bash you deliberation astir the latest GBTC outflow and the accumulation from different ETFs? Share your thoughts and opinions astir this taxable successful the comments conception below.
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