🔥🔥🔥 #ETFs Reduce #BitcoinHoldings Over Three Days
Over a span of three days, nine Exchange-Traded Funds (ETFs) collectively reduced their Bitcoin holdings by a significant amount. The reductions amounted to a total decrease of 4,556 BTC, equivalent to a value of $295 million. Fidelity played a substantial role in this reduction, shedding 1,290 BTC from its holdings. Currently, Fidelity holds 168,862 BTC, valued at approximately $10.95 billion. Notably, Blackrock and Grayscale did not revise their Bitcoin holdings during this period.
On June 19, these nine ETFs further reduced their Bitcoin holdings by 442 BTC, marking a decrease of $28.7 million. Grayscale specifically reduced its holdings by 56 BTC, valued at $3.6 million, leaving it with a total of 280,322 BTC worth approximately $18.22 billion.
The most significant reduction occurred on June 18, when the ETFs collectively decreased their Bitcoin holdings by 2,824 BTC, totaling a decrease of $182.6 million. Fidelity reduced its holdings by 1,377 BTC, amounting to $89.06 million, resulting in its current holdings of 170,152 BTC valued at $11 billion. Grayscale also reduced its holdings by 834 BTC, valued at $53.95 million, maintaining a total of 280,378 BTC worth approximately $18.13 billion.
These reductions over consecutive days highlight a trend of diminishing Bitcoin holdings among major ETFs, with Fidelity and Grayscale being prominent players in these adjustments. While Fidelity's holdings experienced notable reductions, #BlackRock 's holdings remained unchanged throughout this period.
Source - blockchainreporter.net
