Grayscale Bitcoin Trust (GBTC) sold 132,195 Bitcoin in January, reducing its holdings by 21%. Nine other ETFs added a total of 151,006 Bitcoin. The 10 spot Bitcoin ETFs increased their total holdings by 3%, reaching 656,421 BTC on Jan. 31.
According to data from BlackRockâs iShares Bitcoin Trust (IBIT), IBIT added 2,712 BTC on the last day of January. However, there is a discrepancy between Arkham Intelligenceâs data and IBITâs statements.
You May Also Like: Crypto Teacher Stole $1 Million from His Students!
Despite the 10 spot Bitcoin ETFs adding 3% to their total assets in January, there has been an 8% decline in the price of Bitcoin in the last 30 days.
While the launch of spot Bitcoin ETFs in the US is being seen as a âsell newsâ moment, experts suggest there could be further pressure on the futures market.
ARK Invest CEO Cathie Wood noted that the long-term perspective remains promising, while in the short term, âselling the newsâ of the spot Bitcoin ETF approval is expected.$BTC #Write2Earn #Kriptocutrader #BitcoinDunyamiz #btcanaliz #BitcoinETFs
