Samson Mow, the CEO of JAN3 recently took to X to share some details about the accumulation statistics of spot Bitcoin ETF, underscoring the trends in the new asset class that were greenlighted by the United States Securities and Exchange Commission (SEC) about two weeks ago.
BlackRock and Fidelity Accumulation Stat
To begin with, the Bitcoin Marxist pointed out that most people tend to overlook the rate of accumulation of spot Bitcoin ETFs. For the last few MicroStrategy (MSTR) acquisitions of the coin, the firm bought 14,600 BTC and 16,100 BTC respectively.
For comparison, BlackRock’s spot Bitcoin ETF IBIT has an average stack of $200 million per day which is equivalent to 4,700 BTC.
On one hand, Fidelity Investments (FBTC) is recording an average stack of approximately $175 million per day which is also equivalent to 4,200 BTC. Together, the IBIT/FBTC intake is about 9,000 Bitcoin in a day. Looking at these figures, it is obvious that for every two days, just two out of the newl
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