🚀 Spot Bitcoin ETFs secure another 10,600 BTC in fifth-day trading surge📈💼

Exciting developments in the crypto space as Spot Bitcoin exchange-traded fund issuers secure an additional 10,667 Bitcoin (BTC) in the fifth trading day, aligning with a notable uptick in trading volumes. 🔄💰 Let's break down the key highlights of this significant surge.

1. ETF Holdings Soar: BlackRock Takes the Lead!

Data from CC15Capital reveals that Bitcoin worth approximately $440 million was acquired by ETFs participating in the recent approval. BlackRock's ETF leads the pack with a substantial purchase of 8,700 BTC on Jan. 17, valued at nearly $358 million. In total, nine ETFs, excluding Grayscale, have amassed close to 68,500 BTC since their inception, now valued at around $2.8 billion.

📊 CC15Capital Update: ETFs collectively bought 10,667 BTC on Day 5.

2. Grayscale Bitcoin Trust (GBTC) Faces Outflows: A Counterbalance

While ETFs make substantial acquisitions, GBTC experiences ongoing withdrawals, with about 10,824 BTC (approximately $445 million) removed. Since its transition to a spot ETF on Jan. 11, GBTC has seen an outflow of nearly 38,000 BTC.

3. Robust Investor Interest in BlackRock and Fidelity ETFs

BlackRock and Fidelity's Bitcoin ETFs showcase strong investor interest, each surpassing $1 billion in assets under management as of Jan. 18. Rachel Aguirre, Head of U.S. iShares Product at BlackRock, highlights diverse engagement from investors, with some eager to invest from the outset.

📰 Bloomberg ETF Analyst James Seyffart provides insights into the top-performing ETFs.

4. Bitwise Adds to the Momentum: 491 BTC Increase!

Bitwise, another asset manager, reports an addition of 491 BTC on Jan. 18, reinforcing the growing popularity of ETFs amid a drop in overall cryptocurrency market capitalization.

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