According to Odaily, Lookonchain's monitoring data from June 18th reveals a substantial decrease in Bitcoin holdings by American Bitcoin Exchange Traded Funds (ETFs). Fidelity Investments reportedly reduced its Bitcoin holdings by 1,377 units, equivalent to approximately $89.06 million. Despite this reduction, Fidelity still holds around 170,152 Bitcoins, valued at approximately $11 billion.
In addition, Grayscale Investments also reduced its Bitcoin holdings, selling off 834 units, which is approximately worth $53.95 million. Despite this, Grayscale's current Bitcoin holdings stand at 280,378 units, with an estimated value of $18.13 billion.
Furthermore, a total of nine Bitcoin ETFs have collectively reduced their holdings by 2,824 Bitcoins, equivalent to approximately $182.6 million. These significant reductions in Bitcoin holdings by major ETFs indicate a shift in investment strategies, although the specific reasons behind these decisions remain unclear.