9 Bitcoin ETFs Buy 2,194 $BTC on July 18, Says Lookonchain

Nine Bitcoin exchange-traded funds (ETFs) have recently added a total of 2,194 BTC, equivalent to $139.7 million, on July 18, according to Lookonchain, a renowned on-chain analytics platform. The analytics provider shared this information on their official social media account, highlighting the significant inflow. In particular, BlackRock, a leading asset management firm, increased its BTC holdings by adding 1,708 BTC worth around $108.7 million. This brings BlackRock’s overall BTC holdings to 323,833 BTC, valued at approximately $20.62 billion. This move by BlackRock reflects the growing institutional confidence in Bitcoin’s value, as the firm continues to invest in the leading cryptocurrency. On the other hand, Grayscale, another popular BTC ETF, experienced a minor decrease in its holdings, excluding 11 BTC valued at $713,000. Despite this decline, Grayscale still holds 273,005 BTC, worth nearly $17.4 billion, as part of its routine portfolio adjustments. This development showcases the dynamic nature of the ETF market and the continuous interest in Bitcoin among institutional investors.