Spot Bitcoin ETFs Surpass 100,000 BTC Holdings
Since their launch, spot Bitcoin ETFs, excluding GBTC, have collectively amassed over 100,000 BTC. Contrastingly, Grayscale has dumped 80,000 Bitcoins in the same timeframe.
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Since their launch, spot Bitcoin ETFs, excluding GBTC, have collectively amassed over 100,000 BTC. Contrastingly, Grayscale has dumped 80,000 Bitcoins in the same timeframe.
The video linked above showcases the accumulation trends of spot Bitcoin ETFs from their launch to the 22nd of January, GBTC excluded.
It’s also important to highlight that although GBTC has seen a slowdown in outflows, the other nine Bitcoin-focused ETFs have experienced a reduction in their inflows. Consequently, by the eighth day of the ETF race, the net outcome turned negative due to Grayscale clients withdrawing $106 million more.
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