While Bitcoin has continued its downward trend since the spot ETF approvals, ETFs continue trading.
At this point, while Grayscale continues to transfer Bitcoin today, some companies continue to purchase BTC for their ETFs.
According to Arkham’s data, Grayscale, which made new transfers today, sent more than 15 thousand BTC worth $ 590 million to Coinbase.
BREAKING: $GBTC (@Grayscale SPOT $BTC ETF) SENDS ~$660M WORTH OF $BTC TO @coinbase PRIME pic.twitter.com/Z9l9mmdMms
— DEGEN NEWS 🗞️ (@DegenerateNews) January 23, 2024
While Grayscale continued BTC transfers, BlackRock and Fidelity also purchased new Bitcoin.
Accordingly, BlackRock purchased 6,495 more BTC for its ETF, bringing the total amount in hand to 40 thousand BTC, while Fidelty purchased nearly 4 thousand BTC for its ETF, worth approximately 155 million dollars.
BREAKING: $FBTC (@Fidelity SPOT $BTC ETF) SEES $155.37M $BTC DEPOSIT pic.twitter.com/tfn4zycoQq
— DEGEN NEWS 🗞️ (@DegenerateNews) January 23, 2024
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/blackrock-made-new-btc-purchases-while-grayscale-continues-transfers-whats-the-latest-situation-in-bitcoin-etfs/