Nine exchange-traded funds (ETFs) collectively added 2,132 BTC, representing an increase of $123.4 million. BlackRock added 1,252 BTC, which translates to an increase of $72.47 million. With this addition, BlackRock now holds 314,204 BTC, valued at $18.18 billion. Grayscale decreased its holdings by 153 BTC, resulting in a reduction of $8.87 million. Consequently, Grayscale now holds 273,329 BTC, valued at $15.82 billion.
July 11 Update:
9 ETFs added 1,661 $BTC(+$95.82M).#Fidelity added 1,006 $BTC(+$58M) and currently holds 174,437 $BTC($10.06B).#Grayscale decreased 659 $BTC(-$38M) and currently holds 273,483 $BTC($15.77B).https://t.co/jQmzBAjUNJ pic.twitter.com/eHYNpNtRZL
— Lookonchain (@lookonchain) July 11, 2024
Continued Growth in Bitcoin Investments
Nine ETFs added a total of 1,661 BTC, with a combined increase in value of $95.82 million. Fidelity added 1,006 BTC, marking an increase of $58 million. This brings Fidelity’s total BTC holdings to 174,437 BTC, valued at $10.06 billion. Grayscale decreased its holdings by 659 BTC, resulting in a reduction of $38 million. Before this decrease, Grayscale held 273,483 BTC, valued at $15.77 billion.
Over two days, significant shifts occurred in the cryptocurrency ETF landscape. BlackRock substantially added to its Bitcoin holdings, leading the market with a substantial increase in BTC. Fidelity also made noteworthy gains, while Grayscale experienced a decrease in its Bitcoin holdings over both days. These movements reflect ongoing strategies and adjustments in the investment approaches of major financial institutions toward cryptocurrency assets.