Part 8/11:
The data indicates ongoing large-scale investments into Bitcoin-focused ETFs. BlackRock has accumulated nearly 39 million BTC worth of ETF assets, while Fidelity’s activity remains steady. Grayscale, once dominant, is experiencing a significant reduction—dropping from 69,000 BTC to approximately 32,200 BTC—yet institutional investors like BlackRock are poised to eclipse Grayscale’s holdings in the near future.
Inflows have been robust, with about $7 billion into Fidelity and $15.5 billion flowing out of Grayscale over the last two months. Interestingly, despite these fluctuations, the overall total Bitcoin held within ETF products continues to rise, demonstrating the relentless accumulation by big players.