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Thursday, July 25, 2024
BitcoinUpdate on Bitcoin ETF Holdings

Update on Bitcoin ETF Holdings

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On July 3rd, nine Bitcoin ETFs collectively acquired 208 BTC, with a market value of approximately $12.5 million. This update underscores the sustained interest and investment in Bitcoin through ETF channels. Notably, Blackrock’s iShares Bitcoin Trust recorded a substantial addition of 228 BTC, valued at around $13.7 million, elevating their total holdings to 307,206 BTC, worth $18.5 billion. This consistent accumulation by Blackrock reaffirms its strong commitment to Bitcoin investments.

In contrast, Grayscale’s Bitcoin Trust experienced a minor reduction, decreasing by 11 BTC, equivalent to a loss of about $678,000. Despite this adjustment, Grayscale remains a significant holder in the Bitcoin space, with total holdings now standing at 275,260 BTC, valued at $16.55 billion.

July 3 Update:
Nine ETFs added a total of 208 BTC ($12.5M).
#Blackrock added 228 BTC ($13.7M), now holding 307,206 BTC ($18.5B).
#Grayscale decreased by 11 BTC (-$678K), now holding 275,260 BTC ($16.55B).
— Lookonchain (@lookonchain)
July 3, 2024

Previous Day Activity:
On July 2nd, the same nine ETFs added a substantial 2,372 BTC, valued at approximately $147.78 million. This influx highlights the increasing institutional interest in Bitcoin. Fidelity’s Wise Origin Bitcoin Fund added 1,028 BTC, worth $62 million, bringing their total holdings to 168,490 BTC, valued at $10.5 billion. This significant increase reflects Fidelity’s proactive accumulation strategy.

Conversely, on July 2nd, Grayscale’s Bitcoin Trust saw a more significant reduction, decreasing by 487 BTC, amounting to approximately $30.32 million. This adjustment brought their total holdings to 275,271 BTC, valued at $17.15 billion.

Analysis by Lookonchain reveals mixed performance among various Bitcoin ETFs over the past day and week. Blackrock’s iShares Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Fund, and ARK 21Shares Bitcoin ETF all recorded positive net inflows, solidifying their positions as major Bitcoin holders. Particularly noteworthy were the weekly net inflows for Blackrock, Fidelity, and ARK 21Shares, reflecting substantial additions to their Bitcoin portfolios. In contrast, the Invesco Galaxy Bitcoin ETF and Grayscale Bitcoin Trust experienced net outflows, suggesting profit-taking or portfolio reallocation.

Tags: BTC

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