Spot Bitcoin ETFs scoop up another 10,600 BTC on day 5

BlackRock’s ETF sucked up the most Bitcoin compared to other funds, while Grayscale’s fund continued to see outflows on trading day five.

Spot Bitcoin exchange-traded fund (ETF) issuers added another net 10,667 Bitcoin 

BTC



$41,583

 to their crypto stacks on their fifth trading day amid increasing trading volumes.

Data compiled by X (formerly Twitter) account CC15Capital for Jan. 17 shows that a net $440 million in Bitcoin was added to their holdings at the end of the day. BlackRock’s ETF accounted for the lion’s share of the purchases with 8,700 BTC, worth nearly $358 million.

The data also shows that nine ETFs (excluding Grayscale) have purchased nearly 68,500 BTC since their launch, currently worth around $2.8 billion.

The recent ETF-linked Bitcoin buys were partially offset by continued outflows from the Grayscale Bitcoin Trust (GBTC), with 10,824 BTC worth roughly $445 million offloaded. Nearly 38,000 BTC has left GBTC since it was converted to a spot ETF on Jan.

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