Bitcoin

Bullish Signal? Bitcoin ETF Issuers Grab 86k BTC At $42k Average

Key Points:

  • Bitcoin ETF issuers, excluding Grayscale, have bought over 86,000 BTC at an average price of US$42,000.
  • The leading issuers are iShares and Fidelity with over 1.3 billion and 1.22 billion USD in BTC respectively.
  • The total volume of Bitcoin ETFs reached nearly $19 billion in the first seven trading days.
Bitcoin ETF issuers have bought 86,000 BTC at $42,000 each. iShares and Fidelity lead, holding BTC worth over $1 billion each.

Bitcoin ETF issuers, excluding Grayscale, have purchased over 86,000 BTC at an average price of US$42,000.

Overview of Bitcoin ETF Issuers

Among Bitcoin ETF issuers, iShares leads the pack with over 1.3 billion USD in BTC. Fidelity closely follows with BTC holdings valued at 1.22 billion USD. Bitwise and ARK/21Shares occupy the third and fourth spots with values of 409.23 million USD and 364.94 million USD, respectively.

Invesco holds the fifth position with their total BTC valued at 249.49 million USD, preceded by VanEck with holdings worth around 89.21 million USD. Valkyrie, Franklin Templeton, and WisdomTree complete the line-up, contributing to the diverse range of Bitcoin ETF issuers.

Readmore: BlackRock’s Bitcoin ETF Surpassed $1 Billion In Inflows

Analysis of Trading Volume in Bitcoin ETFs

In the first seven trading days, the total volume was just shy of $19 billion. Bloomberg analyst, James Seyffart, reported that the volume on Bitcoin ETFs remains very strong, recording over $2 billion again today. The $GBTC is still making up slightly more than half.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

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