🛎️Weekly Update #ETFbitcoin #ETF (April 27 - May 3)
BTC ETFs have seen a significant reduction in their BTC holdings this week, amounting to a decline of 12,728 $BTC (~$754.4M).
Notably, there were no positive netflow ETFs this week, leading to the adjustment in the price of $BTC from $64K to $56.7K.
This week, all ETFs experienced negative flows:
- Grayscale: -7080 BTC ($423.8M)
- 21Shares: -2049 BTC ($120.9M)
- Fidelity: -1250 BTC ($72.9M)
- Bitwise: -1028 BTC ($59.8M)
- BlackRock: -637.8 BTC ($37.2M)
- Franklin Templeton: -203 BTC ($11.7M)
- Invesco: -135 BTC ($7.8M)
- Valkyrie: -125.8 BTC ($7.2M)
- VanEck: -113.1 BTC ($6.6M)
- WisdomTree: -106.2 BTC ($6.1M)$
