According to Odaily, recent data compiled by HODL15Capital reveals significant on-chain activity for Bitcoin following the launch of the U.S. Bitcoin spot ETF. Since the introduction of this financial product, a total of 201,018 BTC have been mined. This period has also seen substantial movements in Bitcoin holdings by various entities.
Grayscale, through its GBTC/BTC operations, has sold 368,085 BTC. In addition, the German government has offloaded 50,000 BTC. On the buying side, nine newly launched ETFs have collectively acquired 857,342 BTC, marking a significant influx of institutional investment into the cryptocurrency market. MicroStrategy, a prominent corporate investor in Bitcoin, has also increased its holdings by purchasing 212,950 BTC.
Meanwhile, other related parties have collectively sold a net total of 451,189 BTC. These transactions highlight the dynamic nature of Bitcoin's market activity in the wake of the ETF's introduction, reflecting both institutional interest and strategic repositioning by various stakeholders.
