A significant event - the investment council of the US state of Wisconsin bought shares of spot Bitcoin ETFs for $162 million.
According to Form 13F, purchased:
- Bitcoin ETF shares from#BlackRockfor $99 million,
- Bitcoin ETF shares from#Grayscalefor $63 million.
Also, according to reports to the SEC for the first quarter, the following invested in spot Bitcoin ETFs:
- Wolverine Asset Management, for 874,188 shares of#FBTC(Fidelity's Bitcoin ETF).
- Envestnet Company, for 682,391 shares of #FBTC. The company also invested about $19.7 million in Bitcoin ETFs from Grayscale, ARK Invest, BlackRock and Bitwise.
- Swiss bank UBS, for 3,600 shares of#BIT(Bitcoin ETF from BlackRock).
- PNC Financial Services Bank, about $10 million in Bitcoin ETFs from Bitwise, Graysale, Fidelity, Invesco and Galaxy, Vaneck, BlackRock.
- Bank of Montreal, about $6.7 million in Bitcoin ETF shares from Fidelity, Blackrock, Graycsale.
The most notable is the American bank JPMorgan Chase. They bought $1.259 million worth of Bitcoin spot ETF shares. The amount is not remarkable; what is important is that a month ago, JPMorgan CEO Jamie Dimon once again called BTC a pyramid and a scam. They say one thing and do another.
In general, in the American market yesterday's trading of spot Bitcoin ETFs ended with a net inflow of $66 million. Grayscale's spot Bitcoin ETF showed zero outflows for the second time in history yesterday. Let us remember that they already had two days of influxes. In general, the positive trend towards a decrease in outflows from GBTC continues.#BlackRockhas 274,755 BTC worth $17.308 billion on its balance sheet.
Meanwhile, overseas yesterday, the outflow of funds from Hong Kong ETFs on May 13 was the most significant since April 30. Capital withdrawals amounted to 519.5 BTC from the Bitcoin ETF and 2,270 ETH from the Ethereum ETF.
But overall, the tool is gaining popularity. In total, Bitcoin ETF issuers have 949,756 BTC on their balance sheet, which is already 4.5% of the#BTCissue. Not a weak result for the first six months.
