Despite aggressive selling by the Grayscale Bitcoin Trust ETF, the spot Bitcoin ETF ecosystem in the U.S. collectively added around 10,000 BTC in January.

The Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) was aggressively selling Bitcoin $BTC  in January, but other ETFs bought significantly more BTC.
According to public holdings data tracked by Cointelegraph, GBTC dumped a total of 132,195 BTC in January, reducing its Bitcoin stash by 21% from 619,220 BTC on Jan. 11 to 487,025 BTC on Jan. 31.
However, the nine other funds actively caught up, adding 142,294 Bitcoin in total since the first trading day. The non-GBTC ETFs have increased their holdings by as much as 674%, from just 18,390 BTC at the trading start to 160,684 BTC as of Jan. 31.
As of Jan. 31, all ten spot Bitcoin ETFs collectively held 647,709 BTC, up around 1.6% from the initial total holdings of 637,610 BTC, worth $27 billion at the time of writing, according to CoinGecko.
The tracked data is based on publicly available BTC ETF information reported by issuers, apart from BlackRock’s iShares Bitcoin Trust (IBIT), which didn’t update daily holdings at the time of writing. One can track IBIT’s holdings using the data from the blockchain platform Arkham Intelligence, which on Jan. 23 identified the on-chain addresses of six spot Bitcoin ETFs, including IBIT.
According to Arkham’s data, BlackRock’s iShares Bitcoin ETF holds 57,488 BTC at the time of writing, suggesting that IBIT dumped 6,000 BTC on the last day of January.
By selling 6,000 BTC, BlackRock’s iShares ETF stood down from the position of the second-largest spot Bitcoin fund by holdings, giving way to Fidelity' Wise Origin Bitcoin Fund (FBTC). As of Jan. 31, Fidelity' Wise Origin Bitcoin Fund held 58,400 BTC.
Related: Cboe exchange withdraws application to list Global X spot Bitcoin ETF
Despite all ten spot Bitcoin ETFs adding 1.6% in total holdings in January, Bitcoin has seen a significant drop in price over the past 30 days. After starting the year at around $45,000, Bitcoin faced significant turbulence, tumbling below $39,000 on Jan. 23, according to data from CoinGecko. At the time of writing, Bitcoin is trading at 42,215, down about 8% over the past 30 days.
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s previously reported, many analysts and executives saw the launch of spot Bitcoin ETFs in the U.S. as a “sell the news” moment, with some analysts suggesting that more pressure could come from the futures market. In late 2023, ARK Invest CEO Cathie Wood predicted that some investors will “sell on the news” of spot Bitcoin ETF approval in the short term. However, the long-term perspective is still promising, according to the executive.

New York Community Bancorp acquired the assets and liabilities of the collapsed Signature Bank during the regional banking turmoil in 2023.

New York Community Bancorp (NYCB), which purchased the collapsed crypto-friendly Signature Bank in 2023, saw its share price plunge after reporting a $260 million loss in the fourth quarter of 2023 and reducing its dividend. 
In March 2023, Signature Bank officially closed down and was taken over by the New York Department of Financial Services (NYDFS). A week after the collapse, the NYCB swooped in to buy the non-crypto deposits and loans of the failed bank. 
On March 20, 2023, the United States Federal Deposit Insurance Corporation (FDIC) announced that Signature Bank’s 40 branches will operate as Flagstar Bank, a wholly-owned subsidiary of the NYCB.

Following its acquisition of Signature Bank, NYCB stock rose to $9.19 on March 21, even reaching a high of $13.87 on July 31. NYCB president and CEO Thomas Cangemi said the assets and liabilities of Signature Bank were “strategically and financially attractive.” The executive described buying Signature Bank as a “unique opportunity.” Cangemi added that it strengthened the bank’s balance sheet by “adding a significant amount of low-cost deposits and a middle-market business supported by over 130 private banking teams.” 
However, a recent sell-off erased the stock’s gains from its Signature Bank acquisition. On Jan. 31, NYCB released its report for the last three months of 2023, revealing a $260 million loss in the quarter, down from a $164 million profit in the same period in 2022. Cangemi announced that it “took decisive actions to build capital,” including reducing its quarterly common dividend to $0.05 per share.  

Following the announcement, NYCB stock dropped from $10.37 to a low of $6.34 on Jan. 31 before slightly recovering to $7.12. At the time of writing, the stock price is at $6.49, according to stock analysis platform TradingView.
Related: U.S. home-loan banks lent billions of dollars to crypto banks: Report
In May 2023, FDIC chairman Martin Gruenberg said in a hearing that the Signature Bank collapse stemmed from its failure to understand risks associated with crypto. However, other parties disagreed that the collapses had anything to do with crypto at all. On April 5, 2023, NYDFS superintendent Adrienne Harris said that the collapse of Signature Bank had nothing to do with its exposure to digital assets.
In May 2023, U.S. Senator Cynthia Lummis lashed out at former Signature Bank executive Scott Shay for blaming the bank’s collapse on crypto. According to Lummis, the executive has been deflecting blame onto digital assets and hasn’t accepted any blame himself.
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