Spot Bitcoin ETF Issuers Boost Holdings by 10,667 BTC on Fifth Trading Day

Spot Bitcoin ETF Issuers Boost Holdings by 10,667 BTC on Fifth Trading Day



On the fifth trading day, issuers of the Spot Bitcoin exchange-traded fund (ETF) increased their crypto holdings by a net of 10,667 Bitcoin, as trading volumes continued to rise. According to data compiled by the CC15Capital Twitter account (formerly X), on January 17, they added a total of $440 million worth of Bitcoin to their portfolios. Notably, BlackRock's ETF led the way with the acquisition of 8,700 BTC, valued at nearly $358 million.



The cumulative data reveals that, excluding Grayscale, nine ETFs have collectively purchased close to 68,500 BTC since their inception, currently amounting to approximately $2.8 billion.



However, the positive momentum from ETF-related Bitcoin acquisitions was tempered by ongoing outflows from the Grayscale Bitcoin Trust (GBTC), which saw the offloading of 10,824 BTC, equivalent to roughly


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#Adoption, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #Regulations

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