It has been nearly two weeks since the Bitcoin Spot ETF products were approved and the amount held by ETF holders Bitcoin (BTC) The amount seems quite high.
- Fidelity holds 31,976 BTC worth $1,329,331,948.70.
- BlackRock owns 33,430 BTC worth $1,302,220,918.76.
- Bitwise holds 11,188 BTC worth $445,738,100.59.
- Franklin Templeton owns 1,276 BTC worth $48,574,389.01.
- Grayscale owns 558,280 BTC worth $28,386,046,671.59.
According to data as of Monday, 10 Bitcoin ETFs have recorded a total of $1.1 billion in net inflows so far this month. This includes the impact of Grayscale’s Bitcoin Trust, which has seen outflows of around $3.5 billion so far as investors dump long-held stocks.
“GBTC outflows have introduced a dynamic that needs to normalize in the market before we see true price discovery,” said Leah Wald, CEO of digital asset investment firm Valkyrie Investments.
Bitcoin ETFs are used by institutional and individual investors. cryptocurrencies It rose almost 160% last year, outperforming traditional assets like stocks amid speculation it would drive wider adoption.
*This is not investment advice.
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