US Bitcoin ETFs Surge with 5,518 BTC Added in One Day!
Key Points:
- On July 22, nine U.S. Bitcoin ETFs collectively increased their holdings by 5,518 BTC, valued at $368.67 million.
- Fidelity added 2,099 BTC, worth about $140.23 million, boosting its total holdings to 180,689 BTC.
- Grayscale cut its Bitcoin holdings by 366 BTC, but still holds a significant 271,794 BTC.
According to Lookonchain data, July 22 saw nine U.S.-based Bitcoin ETFs surge their Bitcoin holdings massively. Specifically, the funds increased their Bitcoin holdings by a net of 5,518 BTC as part of its globally diversified holdings.
This sum amounted to approximately $368.67 million. That surge makes it clear: belief in and investment in Bitcoin will continue to rise despite fluctuations.
Fidelity and Grayscale Adjust Bitcoin Holdings Significantly
Fidelity registered the most significant increase through its Bitcoin ETFs surge. Thus, it increased its positions by 2,099 BTC, about $140.23 million. Fidelity’s total number of BTCs is 180,689, valued at $12.07 billion. This adds another asset to its crypto portfolio and reiterates a bullish stance on Bitcoins.
The most significant Bitcoin ETFs surge player, Grayscale, made much larger strategic reallocations, reducing 366 bitcoins, valued at around $24.46 million. While the amount reduced was huge, Grayscale retained a large amount of Bitcoin in reserves: 271,794 bitcoins, valued at $18.16 billion. Grayscale’s strategic reallocation reflects some of the bigger market themes that this move can be a part of.
Read more: Fidelity Leads Bitcoin ETF Inflow With $141 Million
Bitcoin ETFs Surges Holding Noted
This exponential rise in Bitcoin holdings by the number of ETFs displays the immense appetite for crypto investments. It proves a positive outlook towards Bitcoin’s future performance. The aggregate increase of these nine funds in holdings reflects a massive monetary commitment and represents a broader trend of institutional investors’ efforts to build up their digital assets.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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US Bitcoin ETFs Surge with 5,518 BTC Added in One Day!
Key Points:
- On July 22, nine U.S. Bitcoin ETFs collectively increased their holdings by 5,518 BTC, valued at $368.67 million.
- Fidelity added 2,099 BTC, worth about $140.23 million, boosting its total holdings to 180,689 BTC.
- Grayscale cut its Bitcoin holdings by 366 BTC, but still holds a significant 271,794 BTC.
According to Lookonchain data, July 22 saw nine U.S.-based Bitcoin ETFs surge their Bitcoin holdings massively. Specifically, the funds increased their Bitcoin holdings by a net of 5,518 BTC as part of its globally diversified holdings.
This sum amounted to approximately $368.67 million. That surge makes it clear: belief in and investment in Bitcoin will continue to rise despite fluctuations.
Fidelity and Grayscale Adjust Bitcoin Holdings Significantly
Fidelity registered the most significant increase through its Bitcoin ETFs surge. Thus, it increased its positions by 2,099 BTC, about $140.23 million. Fidelity’s total number of BTCs is 180,689, valued at $12.07 billion. This adds another asset to its crypto portfolio and reiterates a bullish stance on Bitcoins.
The most significant Bitcoin ETFs surge player, Grayscale, made much larger strategic reallocations, reducing 366 bitcoins, valued at around $24.46 million. While the amount reduced was huge, Grayscale retained a large amount of Bitcoin in reserves: 271,794 bitcoins, valued at $18.16 billion. Grayscale’s strategic reallocation reflects some of the bigger market themes that this move can be a part of.
Read more: Fidelity Leads Bitcoin ETF Inflow With $141 Million
Bitcoin ETFs Surges Holding Noted
This exponential rise in Bitcoin holdings by the number of ETFs displays the immense appetite for crypto investments. It proves a positive outlook towards Bitcoin’s future performance. The aggregate increase of these nine funds in holdings reflects a massive monetary commitment and represents a broader trend of institutional investors’ efforts to build up their digital assets.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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