On July 3rd, nine Bitcoin ETFs collectively acquired 208 BTC, valued at approximately $12.5 million, underscoring sustained investor interest in Bitcoin through these financial instruments. Notably, Blackrock’s iShares Bitcoin Trust led with an acquisition of 228 BTC, amounting to around $13.7 million, boosting their total holdings to 307,206 BTC valued at $18.5 billion. This consistent accumulation reaffirms Blackrock’s steadfast commitment to Bitcoin investment.
In contrast, Grayscale’s Bitcoin Trust experienced a minor reduction of 11 BTC, translating to a loss of about $678,000. Despite this decrease, Grayscale remains a major player in the Bitcoin market, holding 275,260 BTC valued at $16.55 billion.
A day earlier, on July 2nd, these ETFs added a substantial 2,372 BTC worth approximately $147.78 million, highlighting a significant inflow of institutional capital into Bitcoin. Fidelity’s Wise Origin Bitcoin Fund notably acquired 1,028 BTC valued at $62 million, increasing their total holdings to 168,490 BTC worth $10.5 billion, showcasing Fidelity’s aggressive accumulation strategy.
Conversely, Grayscale’s Bitcoin Trust saw a larger decrease of 487 BTC on July 2nd, amounting to a loss of about $30.32 million, bringing their total holdings to 275,271 BTC valued at $17.15 billion.
Analysis from Lookonchain indicates mixed performance among Bitcoin ETFs over the last day and week. Blackrock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, and ARK 21Shares Bitcoin ETF registered positive net inflows, consolidating their positions as key Bitcoin holders. Weekly net inflows were particularly notable for Blackrock, Fidelity, and ARK 21Shares, while Invesco Galaxy Bitcoin ETF and Grayscale Bitcoin Trust experienced net outflows, possibly indicating profit-taking or strategic reallocation.
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