The top nine exchange-traded funds have recently witnessed a significant plunge in terms of BTC holdings. As per Lookonchain (a well-known on-chain analytics platform) the prominent 9 ETFs have gone through a decrease of up to 214 *BTC*. The analytics platform brought to the front this development on its official account on X.
Jun 26 Update:9 ETFs decreased 214 $BTC(-$13.24M).#Grayscale decreased 1,539 $BTC(-$95M) and currently holds 276,395 $BTC($17.07B).#Fidelity added 765 $BTC(+$47.27M) and currently holds 167,528 $BTC($10.35B).https://t.co/eu3Hyhuwzy pic.twitter.com/2P27hhTQsD
— Lookonchain (@lookonchain) June 26, 2024
Bitcoin ETFs Record a Slump of 214 BTC, with Grayscale Accounting for 1,539 BTC
In its latest X post, the analytics company noted that the Bitcoin exchange-traded funds experienced a slump of $13.24 million. Additionally, the firm also shared the chart including the details of the respective ETFs. According to Lookonchain, the popular ETF Grayscale went through a decrease of almost 1,539 BTC. The respective figure equals the amount of up to $95 million.
As a result of the above-mentioned plunge, the exchange-traded fund presently possesses 276,395 BTC. This figure equals approximately $17.07 billion even after the respective dip. Another prominent ETF in the list is Fidelity however it saw a significant inclusion. The analytics provider added that Fidelity added up to 765 BTC. This equals more than $47.27 million. Following the respective inclusion, the ETF holds nearly 167.528 BTC.
ARK 21Shares Bitcoin ETF Incurs the Dip of 100 BTC
The aforementioned tokens possess a value of approximately $10.35 billion. ARK 21Shares Bitcoin ETF incurred a decrease of nearly 100 BTC. After that, it currently owns 45.366 BTC. Vaneck Bitcoin Trust beheld the decline of 170 BTC while still possessing 9.814 BTC. On the other hand, a famous exchange-traded fund Bitwise Bitcoin ETF recorded the inclusion of above 2455 BTC, taking its total Bitcoin holdings to 37,397 BTC.