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Data: Apart from GBTC, the other nine ETFs have purchased 79,600 BTC within six trading days

Data: Apart from GBTC, the other nine ETFs have purchased 79,600 BTC within six trading days

Bitget2024/01/20 02:16

According to data from CC15Capital, Bitcoin spot ETFs saw huge trading volumes again today. Among the 20 ETFs with the largest trading volume, three are related to BTC, including GBTC, BITO (Futures ETF), and IBIT. Excluding GBTC, the other nine spot ETFs have purchased 79,618 BTC within six days of approval. Notably, BlackRock and Fidelity together bought 53,479 BTC while Grayscale sold 52,247 BTC. It's almost as if GBTC is flowing into BlackRock and Fidelity while the remaining seven ETFs are buying up the rest of what Grayscale has sold off.

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