2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>HODL15Capital revealed consistent BTC acquisition by nine active ETFs for the past eight weeks.</strong></li>
 <li><strong>Nine new ETFs acquired 346,456 Bitcoins in eight weeks.&nbsp;</strong></li>
 <li><strong>Analysis suggests that ETFs’ Bitcoin acquisition coincides with the latest Bitcoin rally.</strong></li>
</ul>
<p>Data from HODL15Capital, a renowned asset allocator, shows a consistent <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" rel="noopener noreferrer nofollow">Bitcoin</a> acquisition across all nine active spot Bitcoin ETFs for the past eight weeks. In a post on X, the investor revealed that the highest BTC acquisition happened in week 6, despite Grayscale’s GBTC losing 12,331 units of its holdings and Invesco Galaxy’s BTCO losing 1,466 BTC.</p>
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   <p lang="en" dir="ltr">Data showing each Bitcoin ETF: <a href="https://t.co/8SGiSpv3qa" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/8SGiSpv3qa</a></p>— HODL15Capital <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@HODL15Capital) <a href="https://twitter.com/HODL15Capital/status/1764529217809645715?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 4, 2024</a>
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<p>While the newly launched ETFs engaged in constant Bitcoin acquisition, HODL15Capital’s data showed that the GBTC has consistently released portions of its BTC holdings. Week 2 marked GBTC’s most significant period in terms of a drop in holdings, with the product losing 64,398.</p>
<p>On the contrary, BlackRock’s IBIT led the gainers in terms of accumulated Bitcoins with 164,500 BTC in its portfolio. Week 8 marked IBIT’s highest-performing week, with an ac…</p>
<p>The post <a href="https://coinedition.com/bitcoin-etfs-dominate-btc-accumulation-despite-withdrawals-from-grayscales-gbtc/" rel="noopener noreferrer nofollow">Bitcoin ETFs Dominate BTC Accumulation Despite Withdrawals From Grayscale’s GBTC</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin ETFs Dominate BTC Accumulation Despite Withdrawals From Grayscale’s GBTC

Coin Edition

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