Bitcoin ETFs Experience Significant Decrease in BTC Holdings, Grayscale and Fidelity Affected
According to Lookonchain, a well-known on-chain analytics platform, the top nine exchange-traded funds (ETFs) have recently witnessed a substantial decline in terms of their Bitcoin (BTC) holdings. The analytics platform shared this development on its official account on X.
In an update on June 26, Lookonchain reported that these nine ETFs collectively decreased their BTC holdings by 214. This decrease amounts to approximately $13.24 million. Among the prominent ETFs, Grayscale experienced a significant decrease of 1,539 BTC, equivalent to around $95 million. Currently, Grayscale holds 276,395 BTC, valued at approximately $17.07 billion, even after the dip.
On the other hand, Fidelity, another notable ETF, saw an increase in its BTC holdings. Fidelity added 765 BTC, amounting to more than $47.27 million. As a result, the ETF now holds approximately 167,528 BTC.
In addition to Grayscale and Fidelity, other ETFs also experienced changes in their BTC holdings. ARK 21Shares Bitcoin ETF incurred a decrease of 100 BTC, leaving it with 45.366 BTC. Vaneck Bitcoin Trust witnessed a decline of 170 BTC but still retains 9.814 BTC. Bitwise Bitcoin ETF, a well-known exchange-traded fund, recorded an inclusion of over 2,455 BTC, bringing its total Bitcoin holdings to 37,397 BTC.
These developments highlight the dynamic nature of BTC holdings within various ETFs, with some experiencing decreases while others see increases.
