On July 3, nine Bitcoin ETFs added 208 BTC, valued at approximately $12.5 million. This update highlights the ongoing interest and investment in Bitcoin through ETFs. Blackrock’s iShares Bitcoin Trust saw a significant addition of 228 *BTC*, valued at around $13.7 million. This brings their total holdings to 307,206 BTC, worth $18.5 billion. Blackrock’s consistent accumulation underscores its strong commitment to Bitcoin investment.
Conversely, Grayscale’s Bitcoin Trust decreased by 11 BTC, equating to a loss of approximately $678,000. Their total holdings now stand at 275,260 BTC, valued at $16.55 billion. Despite this minor reduction, Grayscale remains one of the largest Bitcoin holders.
July 3 Update:9 ETFs added 208 $BTC(+$12.5M).#Blackrock added 228 $BTC(+$13.7M) and currently holds 307,206 $BTC($18.5B).#Grayscale decreased 11 $BTC(-$678K) and currently holds 275,260 $BTC($16.55B).https://t.co/Wu5xjrk4fq pic.twitter.com/Ae1LZ55x2e
— Lookonchain (@lookonchain) July 3, 2024
Previous Movements
A day earlier, on July 2, the nine ETFs added a substantial 2,372 BTC, worth approximately $147.78 million. This surge in inflow highlights the growing institutional interest in Bitcoin. Fidelity’s Wise Origin Bitcoin Fund added 1,028 BTC, worth $62 million, bringing their total to 168,490 BTC, valued at $10.5 billion. This significant addition reflects Fidelity’s aggressive accumulation strategy.
On July 2, Grayscale’s Bitcoin Trust saw a more significant decrease of 487 BTC, amounting to a loss of approximately $30.32 million. This brought their total holdings to 275,271 BTC, valued at $17.15 billion.
According to data analyzed by Lookonchain, the performance of various Bitcoin ETFs over the last day and week has been mixed. The iShares Bitcoin Trust by Blackrock, Fidelity Wise Origin Bitcoin Fund, and ARK 21Shares Bitcoin ETF all saw positive net inflows, reinforcing their positions as leading Bitcoin holders. Weekly net inflows were particularly notable for Blackrock, Fidelity, and ARK 21Shares, which added significantly to their Bitcoin holdings. In contrast, the Invesco Galaxy Bitcoin ETF and Grayscale Bitcoin Trust experienced net outflows, indicating some profit-taking or reallocation.
