U.S. Spot Bitcoin ETF Issuer Net Added 10,667 Bitcoins on the 5th Trading Day
CC15Capital's data shows that the issuer of the Bitcoin ETF added a net 10,667 BTC on the fifth trading day (January 17th). BlackRock's ETF accounted for the majority, adding a net 8,700 BTC worth nearly $358 million.The data also shows that 9 ETFs (excluding Grayscale) have purchased nearly 68,500 BTC since their launch, currently valued at around $2.8 billion. Bitcoin purchases related to ETFs were offset by the outflow of Grayscale Bitcoin Trust Fund (GBTC), which sold 10,824 BTC worth about $445 million. Since GBTC became a spot ETF on January 11th, nearly 38,000 BTC have flowed out.Meanwhile, data shared by Bloomberg ETF analyst Eric Balchunas shows that the daily trading volume of spot Bitcoin ETFs, excluding GBTC, surged 34% as of the fifth trading day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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