ChainCatcher message, HODL15Capital data shows that the U.S. Bitcoin spot ETF has been online for 50 weeks, and the market landscape is quietly changing. BlackRock's IBIT ETF holdings have surged from the initial 2,621 Bitcoins to 552,555 Bitcoins, indicating strong interest from investors. Meanwhile, Grayscale's GBTC holdings have dropped from 619,200 Bitcoins to 206,860 Bitcoins, suggesting a decrease in market appeal. 🤔

This change may reflect increased investor confidence in spot ETFs or a reassessment of Grayscale products. Either way, this trend is worth paying attention to, and we need to observe how the market evolves in the future. 📊