How much BTC are the ETF funds holding?

- BlackRock iShares Bitcoin ETF (IBIT): 203,755
- Fidelity Bitcoin ETF (FBTC): 127,807
- ARK Bitcoin ETF (ARKB): 37,828
- Bitwise Bitcoin ETF (BITB): 28,553
+ Some other smaller funds

But how much BTC does Grayscale still hold?

They still hold a significant amount, totaling 388,925 BTC, which is more than the current combined figure of BlackRock + Fidelity. However, on a daily basis, some BTC leaves Grayscale and flows into other funds, and over time, BlackRock could become the largest Bitcoin ETF fund.

As of now, those who really wanted to sell, such as FTX, DCG, and Genesis, have sold off, and those who dislike the high fees of GBTC (1.5%) may have switched to other funds in the past two months. So, who is still selling? 🤔

Looking at the money flow history over the past two months, it is evident that, except for a few exceptional cases, when Grayscale sells more, BlackRock and Fidelity receive more. Although there is no detailed data on the money flow between the funds, it is possible that money from GBTC is flowing into BlackRock and Fidelity. It is assumed that the directors of BlackRock and Fidelity have reached out to the organizations holding GBTC and persuaded them to switch to their funds.

Why does Grayscale still maintain a high fee of 1.5% per year, while other funds charge only ~0.25%?

The CEO of Grayscale stated that they have managed a large amount of BTC, while new funds have to start from scratch. Therefore, they can take advantage of this time to charge a high fee for a large quantity, even though they know this could lead to investors gradually leaving their fund. Additionally, they also mentioned that they have contracts with certain companies, so not everyone who wants to sell GBTC can easily do so at this moment.

In the end, the amount of BTC Grayscale sells is not important. What matters is how much the remaining funds have received and whether the money flow is positive or negative.#BTC #Grayscale’s #BlackRockIBIT #ETFTracker #Write2Earn‬

#Grayscale’s #GBTC outflows reach $7B, but data shows it’s slowing

Crypto asset manager Grayscale has continued to see a slowdown in outflows from its spot Bitcoin $BTC #ETF fund — though observers believe there's still room for further bleeding.

According to data from Bianco Research and Farside, the total outflow of funds from Grayscale’s GBTC since it converted to a spot Bitcoin ETF reached $7 billion as of Feb. 16. However, while the rate of outflow has slowed considerably, observers including ETF Store President Nate Geraci says the bleeding may not be over.
#Write2Earn #beyoglu

💥💥💥 #BitcoinETFs Complete Weekly Inflow Streak, Ethereum ETFs Do the Opposite

On August 23rd, recent data on Ethereum and Bitcoin ETFs revealed significant market movements. Lookonchain, a well-known on-chain analytics provider, reported substantial inflows into Bitcoin ETFs, while Ethereum ETFs saw notable outflows, reflecting the current mixed investor sentiment in the crypto market. The analytics firm shared these insights on its official social media channels.

Bitcoin ETFs Attract $60.84M in BTC Tokens

Bitcoin ETFs saw a positive shift as Lookonchain reported the addition of 992 BTC, valued at approximately $60.84 million. This surge in inflows suggests growing investor interest in Bitcoin-related financial products. The iShares Bitcoin ETF was a key player in this trend, recording a significant inflow of nearly $76.8 million.

As a result of this influx, iShares' Bitcoin holdings have seen a considerable increase, now totaling around 352,843 BTC, equivalent to $21.65 billion. This accumulation, along with the overall positive inflow into BTC ETFs, indicates a bullish sentiment among investors who view Bitcoin as a promising asset for their portfolios.

Ethereum ETFs Experience Outflows of 4,972 ETH Tokens
In contrast, Ethereum ETFs displayed a negative trend. Lookonchain reported that 4,972 ETH, valued at approximately $13.23 million, exited the Ethereum ETF sector. Grayscale’s Ethereum Trust (ETHE) was particularly impacted, with 11,885 ETH, worth $31.61 million, flowing out.

Despite this outflow, #Grayscale’s Ethereum Trust still holds a substantial reserve of nearly 1,830,266 ETH, valued at approximately $4.87 billion. While the outflows highlight some investor caution, the large reserve held by Grayscale indicates continued confidence in Ethereum as a long-term asset.

Source - blockchainreporter.net

#CryptoTrends2024 #BinanceSquareTalks