ETFs Dominate BTC Accumulation Despite GBTC Withdrawals
HODL15Capital, a asset allocator, has reported consistent Bitcoin acquisition across all nine active spot Bitcoin ETFs for the past eight weeks.
The highest Bitcoin acquisition occurred in week 6, despite Grayscale’s GBTC losing 12,331 units and Invesco Galaxy’s BTCO losing 1,466 BTC.
GBTC consistently released portions of its BTC holdings, with the product losing 64,398 in week 2. BlackRock’s IBIT led the gainers in terms of accumulated Bitcoins, with 164,500 BTC in its portfolio.
The net amount of Bitcoins acquired by all running ETF products since the SEC’s approval is 147,913 BTC, including 198,543 Bitcoins withdrawn from Grayscale’s GBTC. This leaves 346,456 in accumulated Bitcoins from the nine newly launched ETFs in the past eight weeks.
(With inputs from Shikha Singh)
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