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BitcoinETFs Trim Bitcoin Holdings in ThreeDay Period

ETFs Trim Bitcoin Holdings in ThreeDay Period

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Nine Exchange-Traded Funds (ETFs) collectively reduced their Bitcoin holdings by 1,290 BTC, amounting to a decrease in value 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 around $10.95 billion. It is worth noting that Blackrock and Grayscale did not provide updates on their Bitcoin holdings on this particular date.

Update on June 20:
Nine ETFs decreased their Bitcoin holdings by 1,290 BTC, resulting in a decrease in value of $83.7 million.
Fidelity reduced its Bitcoin holdings by 1,290 BTC, equivalent to a decrease in value of $83.7 million. As of now, Fidelity holds 168,862 BTC, valued at approximately $10.95 billion.
Blackrock and Grayscale did not provide updates on their latest Bitcoin holdings.

On June 19, the same nine ETFs reduced their Bitcoin holdings by 442 BTC, leading to a decrease in value of $28.7 million. Grayscale specifically decreased its holdings by 56 BTC, valued at $3.6 million. After this reduction, Grayscale now holds a total of 280,322 BTC, worth approximately $18.22 billion.

June 18 witnessed a significant reduction, as the nine ETFs collectively decreased their Bitcoin holdings by 2,824 BTC, resulting in 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 played a major role in these reductions. While Fidelity’s holdings decreased significantly, Blackrock’s holdings remained unchanged throughout this period. These reductions highlight a trend of major ETFs decreasing their Bitcoin holdings.

Tags:
BTC
ETF

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