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Lack of Bitcoin Update by Grayscale Post-Purchase

Apr 2, 2024

Lookonchain, an on-chain analytics firm, pointed out that nine ETFs collectively increased their Bitcoin holdings by 1,352 BTC. Notably, the iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund received substantial inflows. On the contrary, Grayscale Bitcoin Trust experienced an outflow of 15,098 BTC. This indicates a dynamic period in the crypto ETF market, emphasizing the continuous investment inflow and adjustments within these funds. Such activities demonstrate strong investor trust and interest in Bitcoin ETFs, showcasing the evolving nature of the market.

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