According to Odaily, Lookonchain, a blockchain analytics firm, reported a decrease in Bitcoin holdings by Grayscale and nine other Bitcoin Exchange Traded Funds (ETFs) on July 4th. Grayscale, a digital currency asset manager, reduced its Bitcoin holdings by 535 units, equivalent to approximately $30.7 million. Despite this reduction, Grayscale still holds 274,724 units of Bitcoin, valued at approximately $15.76 billion.
In addition to Grayscale, nine other Bitcoin ETFs collectively reduced their holdings by 609 units, equivalent to about $35 million. The report did not specify the reasons behind these reductions. However, it is important to note that these changes in holdings do not necessarily indicate a bearish market trend. Investors and market analysts should consider a variety of factors when interpreting these figures.