Spot Bitcoin ETF Issuers Boost Holdings by 10,667 BTC on Fifth Trading Day

On the fifth trading day, issuers of the Spot Bitcoin exchange-traded fund (ETF) increased their crypto holdings by a net of 10,667 Bitcoin, as trading volumes continued to rise. According to data compiled by the CC15Capital Twitter account (formerly X), on January 17, they added a total of $440 million worth of Bitcoin to their portfolios. Notably, BlackRock's ETF led the way with the acquisition of 8,700 BTC, valued at nearly $358 million.



The cumulative data reveals that, excluding Grayscale, nine ETFs have collectively purchased close to 68,500 BTC since their inception, currently amounting to approximately $2.8 billion.



However, the positive momentum from ETF-related Bitcoin acquisitions was tempered by ongoing outflows from the Grayscale Bitcoin Trust (GBTC), which saw the offloading of 10,824 BTC, equivalent to roughly


First found on: https://coinatory.com/cryptocurrency-news/spot-bitcoin-etf-fifth-day-16717/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP