On the 3rd of July, nine Bitcoin Exchange-Traded Funds (ETFs) collectively added 208 BTC, with an approximate value of $12.5 million. This development underscores the sustained interest and financial commitment towards Bitcoin facilitated through ETFs. Notably, Blackrock’s iShares Bitcoin Trust recorded a substantial increment of 228 BTC, amounting to around $13.7 million. This addition now brings their overall Bitcoin holdings to 307,206 BTC, with a total value of $18.5 billion. The consistent accumulation by Blackrock highlights its steadfast dedication to investing in Bitcoin.
In contrast, Grayscale’s Bitcoin Trust witnessed a reduction of 11 BTC, resulting in a loss of approximately $678,000. Despite this slight decrease, their total Bitcoin holdings currently stand at 275,260 BTC, valued at $16.55 billion. Grayscale retains its position as one of the significant holders of Bitcoin.
Summary of July 3 Updates:
– 9 ETFs collectively added 208 BTC (increase in value of +$12.5 million).
– #Blackrock reported an addition of 228 BTC (+$13.7 million) and now holds 307,206 BTC ($18.5 billion).
– #Grayscale experienced a decrease of 11 BTC (-$678,000) and presently possesses 275,260 BTC ($16.55 billion).
Moving on to past movements, on July 2nd, the same nine ETFs added a notable 2,372 BTC, valued at around $147.78 million. This significant inflow reflects the escalating institutional interest in Bitcoin. Notably, Fidelity’s Wise Origin Bitcoin Fund incorporated 1,028 BTC, amounting to $62 million, thus increasing their total holding to 168,490 BTC, valued at $10.5 billion. This substantial addition mirrors Fidelity’s proactive strategy in accumulating Bitcoin assets.
On July 2nd, Grayscale’s Bitcoin Trust experienced a more substantial decrease, shedding 487 BTC, equating to a loss of roughly $30.32 million. This change brought their total BTC holdings to 275,271, valued at $17.15 billion.
An assessment by Lookonchain indicates that the performance of various Bitcoin ETFs over the last day and the week has been diverse. Notably, Blackrock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, and ARK 21Shares Bitcoin ETF witnessed positive net inflows, solidifying their positions as primary Bitcoin holders. Of particular note are the significant weekly net inflows for Blackrock, Fidelity, and ARK 21Shares, indicating substantial additions to their Bitcoin portfolios. In contrast, the Invesco Galaxy Bitcoin ETF and Grayscale Bitcoin Trust observed net outflows, suggesting some profit-taking or portfolio reallocation.
Tags: BTC