Bitcoin ETFs Experience Significant Decline in BTC Holdings
Recent data from Lookonchain, a well-known on-chain analytics platform, reveals that the top nine exchange-traded funds (ETFs) have witnessed a substantial decrease in their BTC holdings. According to Lookonchain’s official account on X, these ETFs have collectively experienced a plunge of up to 214 BTC.
In an update on June 26, Lookonchain reported that the nine ETFs have decreased their BTC holdings by 214 BTC, equivalent to a value of $13.24 million. Notably, Grayscale, one of the prominent ETFs, saw a decrease of 1,539 BTC, which amounts to approximately $95 million. Despite the decline, Grayscale still holds a considerable amount of 276,395 BTC, valued at $17.07 billion.
On the other hand, Fidelity, another notable ETF, observed a significant increase in its BTC holdings. The analytics platform noted that Fidelity added 765 BTC, equivalent to a value of $47.27 million. As a result, Fidelity now holds around 167.528 BTC.
Among the other ETFs, ARK 21Shares Bitcoin ETF experienced a dip of 100 BTC, leaving it with 45.366 BTC. Vaneck Bitcoin Trust also saw a decline of 170 BTC, but still retains 9.814 BTC. Conversely, Bitwise Bitcoin ETF recorded an addition of more than 2,455 BTC, bringing its total Bitcoin holdings to 37,397 BTC.
Overall, these developments highlight the changing landscape of Bitcoin ETFs and their respective BTC holdings.