Grayscale’s GBTC dominated spot bitcoin ETF trading for the tenth consecutive day, accumulating $762 million on Tuesday.
According to data obtained from Grayscale’s website on January 24, 2024, the fund’s bitcoin holdings presently stand at 536,694.93 BTC, estimated at $21.01 billion.
As of the prior day, the fund’s balance was recorded at 552,681.22 BTC. This indicates that on Tuesday, a substantial withdrawal of 15,986.29 BTC occurred, equivalent to more than $635 million.
As of January 12, Grayscale’s fund held 617,079.99 BTC. Since that date, 80,385.06 BTC have been depleted from the fund, representing a total value of $3.19 billion.
Tuesday marked the tenth consecutive day that GBTC dominated the trading volume of spot bitcoin exchange-traded funds (ETFs), amassing a significant $762 million.
Grayscale and the Bitcoin ETF Landscape: Dominance and Volume Insights
On January 23, the combined trade volume of all ten exchange-traded funds (ETFs) amounted to $1.6 billion. Among these, Fidelity’s FBTC secured the second position with a total trade volume of $357 million.
According to the daily holdings update published by Blackrock on Wednesday, IBIT presently holds 44,004.52 BTC, which, at current BTC exchange rates, is valued at approximately $1.74 billion.
Fidelity’s FBTC is valued at approximately $1.51 billion, or 38,149.16 BTC. As per the most recent web portal update, the BITB of Bitwise currently holds 11,858.63 BTC in its vault. Presently, Vaneck’s HODL ETF is said to contain approximately 2,715.77 BTC.
The EZBC of Franklin Templeton contains 1,305 BTC, whereas the ETF of Ark Invest contains 12,255 BTC. Based on its assets under management (AUM) value, it is anticipated that Invesco Galaxy ETF BTCO holds 6,339 BTC, even though the precise number of BTC stored is not disclosed.
As of January 24th, the BTCW ETF from Wisdomtree holds 191 BTC, while the BRRR ETF from Valkyrie administers 2,201.50 BTC.
The nine-spot bitcoin ETFs collectively possess a substantial sum of 118,019.58 BTC, currently valued at $4.69 billion based on the prevailing exchange rates.