After looking at the data of ETH, we return to BTC. As mentioned before, although BlackRock has only increased its net holdings of BTC in one day in the past 17 working days, the overall data of BTC spot ETF is very good. In the last trading day, only Grayscale reduced its holdings by 100 #BTC. Five of the other ten ETF institutions increased their holdings by 2,359 BTC, and the remaining five increased their holdings by zero. Among them, Fidelity and ARK increased their holdings by 787 and 1,273 BTC respectively.
This week, except for Hashdex, which did not see any changes among the US ETF institutions, the other eleven ETF institutions all showed net increases in holdings. Although the increases were not large, there were some signs of recovery in investor sentiment.
Especially in terms of selling, it can be clearly seen that the selling by investors including Grayscale is decreasing, signs of buying are increasing, signs of selling are decreasing, and more BTC is being transferred to long-term and high-net-worth investors.
The data has been updated, address: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing
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