Bitcoin ETFs Still Hungry on Day 5, 10.6K More BTC Added Despite Grayscale Outflows
The fervor around the newly launched spot Bitcoin exchange-traded funds (ETFs) continued unabated on their fifth day of trading, with the funds scooping up an additional 10,667 BTC worth around $440 million.
Data compiled by CC15Capital showed that the lion’s share of the purchases was accounted for by BlackRock’s ETF, which added 8,700 BTC valued at nearly $358 million to its holdings. Overall, the 9 spot Bitcoin ETF funds, excluding Grayscale, have accumulated approximately 68,500 BTC since their debut, currently valued at $2.8 billion.
The Bitcoin inflows were partially offset by ongoing outflows from the Grayscale Bitcoin Trust (GBTC), however, which saw 10,824 BTC worth $445 million withdrawn. Almost 38,000 BTC have exited GBTC since its conversion to a spot ETF on January 11.
FINAL Day 5 Update for 1/17 #Bitcoin ETF Holdings
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