According to statistics, Grayscale’s Bitcoin Trust (GBTC) has sold more bitcoin, bringing the fund’s holdings down from 552,681.22 bitcoin on Tuesday to 536,694.93 bitcoin on Wednesday. According to data from the official website, the fund saw an outflow of 15,986.29 bitcoins over the last day.

Grayscale’s Bitcoin Trust Decreases Holdings by More Than 15,900 Bitcoin in a Single Day

Grayscale’s website shows that as of Jan. 24, 2024, their fund’s bitcoin holdings total 536,694.93 BTC, valued at nearly $21.01 billion. The fund’s balance the previous day was 552,681.22 BTC, indicating that Tuesday saw an exodus of 15,986.29 BTC, or more than $635 million, marking another major departure.

Grayscale’s fund had 617,079.99 BTC on January 12, which implies it has lost 80,385.06 BTC since then, for a total of $3.19 billion. GBTC dominated the trading volume among the 10 spot bitcoin exchange-traded funds (ETFs) on Tuesday, with $762 million.

On January 23, the overall trade volume for all 10 ETFs topped $1.6 billion, with Fidelity’s FBTC coming in second with $357 million. According to Blackrock’s daily holdings statement on Wednesday, IBIT presently holds 44,004.52 BTC, which is worth around $1.74 billion at current BTC exchange rates.

Fidelity’s FBTC has 38,149.16 BTC, worth around $1.51 billion. According to the most recent web portal update, Bitwise’s BITB has 11,858.63 BTC in its wallet. Vaneck’s HODL ETF is currently reported to own about 2,715.77 BTC.

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Franklin Templeton’s EZBC holds 1,305 BTC, while Ark Invest’s ETF owns 12,255 BTC. Invesco, while not publishing the precise number of BTC held, is estimated to have 6,339 BTC in its Invesco Galaxy ETF BTCO based on its assets under management (AUM) value.

On January 24, Wisdomtree’s BTCW ETF held 191 BTC, while Valkyrie’s BRRR ETF held 2,201.50 BTC. These nine-spot bitcoin ETFs have a total of 118,019.58 BTC, which is worth $4.69 billion at current market rates.

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