According to CC15Capital, which has been trading spot ETF Bitcoin holdings, around 134,000 BTC has been bought by the nine newly launched funds since Jan. 11. Meanwhile, Bitcoin’s price is pushing above $42K.
This stash is currently valued at around $5.6 billion. However, the figure does not include outflows from Grayscale.
GBTC holders have been dumping shares and rebalancing their portfolios to funds that have lower fees and better yields, adding selling pressure to spot markets.
After 10 trading days, the 9 new spot #Bitcoin ETFs bought ~134,000 $BTC worth $5.6 Billion USD
This excludes $GBTC (conversion w/ outflows)$IBIT $FBTC $ARKB $BITB $BRRR $BTCO $HODL $EZBC $BTCW pic.twitter.com/uWjP33OA4X
— CC15Capital (@Capital15C) January 26, 2024
Bitcoin ETF Flows Still Positive
BlackRock and Fidelity have been the biggest purchasers of Bitcoin. BlackRock has acquired 49,952 BTC worth $2 billion, and Fidelity has bought 43,855 BTC worth $1.8 billion as of Jan. 25.
The third largest
We współpracy z: https://cryptopotato.com/bitcoin-pushes-above-42k-as-grayscale-outflows-slow/
