### July 4 Update on Bitcoin ETFs and Grayscale
#### ETF Movements:
- **9 ETFs** collectively decreased by **609 BTC** (approximately **$35 million**).
#### Grayscale:
- Grayscale decreased their holdings by **535 BTC** (approximately **$30.7 million**).
- **Current Holdings**: 274,724 BTC (approximately **$15.76 billion**).
### Analysis:
These movements could be indicative of various strategies, such as profit-taking, portfolio rebalancing, or responding to market conditions. Grayscale's reduction aligns with broader ETF decreases, suggesting a possible trend of reducing exposure to Bitcoin at this time.
