blockchainreporter.net
Nine Exchange-Traded Funds (ETFs) collectively decreased their Bitcoin holdings by 1,290 $BTC, equivalent to a decrease of $83.7 million. Fidelity was the major contributor to this reduction, shedding 1,290
from its holdings. As of now, Fidelity holds 168,862 $BTC, valued at approximately $10.95 billion. Notably, Blackrock and Grayscale did not update their Bitcoin holdings on this date.
Jun 20 Update:
— Lookonchain (@lookonchain) June 20, 2024
9 ETFs decreased 1,290 $BTC(-$83.7M).#Fidelity decreased 1,290 $BTC(-$83.7M) and currently holds 168,862 $BTC($10.95B).#Blackrock and #Grayscale did not update their latest $BTC holdings.https://t.co/gXIi5SUqpx pic.twitter.com/vgiPski8c6
June 18 and 19 Update
On June 19, the same nine ETFs reduced their Bitcoin holdings by 442 $BTC, translating to a $28.7 million decrease. Grayscale specifically reduced its holdings by 56 $BTC, valued at $3.6 million. This reduction leaves Grayscale with a total of 280,322 $BTC, worth approximately $18.22 billion.
June 18 saw a significant reduction, with the nine ETFs collectively decreasing their Bitcoin holdings by 2,824 $BTC, amounting to a loss of $182.6 million. Fidelity reduced its holdings by 1,377 $BTC, which corresponds to $89.06 million, bringing its total Bitcoin holdings to 170,152 $BTC, valued at $11 billion. Additionally, Grayscale decreased its holdings by 834 $BTC, valued at $53.95 million, resulting in a total of 280,378 $BTC, worth approximately $18.13 billion.
Over three consecutive days, nine ETFs have significantly decreased their Bitcoin holdings. Fidelity and Grayscale have been the major players in these reductions. While Fidelity’s holdings decreased substantially, Blackrock remained constant throughout the period. The reductions highlight a trend of decreased Bitcoin holdings among major ETFs.