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ETFs reduced their Bitcoin reserves over three days
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ETFs reduced their Bitcoin reserves over three days

Jun 21, 2024

ETFs collectively reduced their Bitcoin reserves by 1290 BTC, equivalent to a decrease of $83.7 million. The main contribution to this reduction was made by Fidelity, which lost 1290 BTC from its reserves. Currently, Fidelity holds 168,862 BTC, valued at approximately $10.95 billion. Notably, Blackrock and Grayscale did not update their Bitcoin reserves on this date.

Lookonchain: Update as of June 20

Update as of June 18 and 19

On June 19, the same nine ETFs reduced their Bitcoin reserves by 442 BTC, equivalent to a decrease of $28.7 million. Specifically, Grayscale reduced its reserves by 56 BTC, amounting to $3.6 million. As a result of this reduction, Grayscale's total reserves stood at 280,322 BTC, valued at approximately $18.22 billion.

On June 18, there was a significant reduction: nine ETFs collectively decreased their Bitcoin reserves by 2824 BTC, resulting in a loss of $182.6 million. Fidelity reduced its reserves by 1,377 BTC, equivalent to $89.06 million, bringing its total Bitcoin holdings to 170,152 BTC, valued at $11 billion. Additionally, Grayscale reduced its reserves by 834 BTC, worth $53.95 million, leaving it with 280,378 BTC, valued at approximately $18.13 billion.

Over three consecutive days, nine ETFs significantly reduced their Bitcoin reserves. The primary reductions were made by Fidelity and Grayscale. While Fidelity's reserves decreased substantially, Blackrock maintained its positions throughout the period. These reductions highlight a trend of decreasing Bitcoin reserves among major ETFs.

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