Nine Exchange-Traded Funds (ETFs) collectively reduced their Bitcoin holdings by 1,290 BTC, which is equivalent to a decrease of $83.7 million. The main contributor to this reduction was Fidelity, which shed 1,290 BTC from its holdings. Currently, Fidelity holds 168,862 BTC, valued at approximately $10.95 billion. It is worth noting that Blackrock and Grayscale did not provide updates on their Bitcoin holdings on this date.
Update on June 20:
Nine ETFs decreased their Bitcoin holdings by 1,290 BTC (-$83.7M).
Fidelity reduced its Bitcoin holdings by 1,290 BTC (-$83.7M) and currently holds 168,862 BTC ($10.95B).
Blackrock and Grayscale did not update their latest BTC holdings.
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June 18 and 19 Update:
On June 19, the same nine ETFs reduced their Bitcoin holdings by 442 BTC, resulting in a decrease of $28.7 million. Grayscale specifically reduced its holdings by 56 BTC, valued at $3.6 million. This reduction brings Grayscale’s total Bitcoin holdings to 280,322 BTC, worth approximately $18.22 billion.
June 18 witnessed a significant reduction, with the nine ETFs collectively decreasing their Bitcoin holdings by 2,824 BTC, amounting to a loss of $182.6 million. Fidelity reduced its holdings by 1,377 BTC, equivalent to $89.06 million, bringing its total Bitcoin holdings to 170,152 BTC, valued at $11 billion. Additionally, Grayscale decreased its holdings by 834 BTC, valued at $53.95 million, resulting in a total of 280,378 BTC, worth approximately $18.13 billion.
Over the course of three consecutive days, nine ETFs have experienced significant decreases in their Bitcoin holdings. Fidelity and Grayscale have been the key players in these reductions. While Fidelity’s holdings have decreased substantially, Blackrock’s holdings have remained constant throughout this period. These reductions highlight a trend of major ETFs decreasing their Bitcoin holdings.
Tags: BTC, ETF