Cryptocurrency ETFs have experienced notable updates on July 12 and July 11. During this period, nine ETFs collectively added 2,132 BTC, which accounted for a $123.4 million increase in value. BlackRock contributed 1,252 BTC, equivalent to a $72.47 million increase. As a result, BlackRock now possesses 314,204 BTC, valued at $18.18 billion. On the other hand, Grayscale decreased its BTC holdings by 153 BTC, leading to an $8.87 million reduction. Consequently, Grayscale’s total BTC holdings now stand at 273,329 BTC, valued at $15.82 billion.
In the previous update on July 11, a total of 1,661 BTC was added by nine ETFs, resulting in a combined value increase of $95.82 million. Fidelity accounted for 1,006 BTC of this addition, equivalent to a $58 million increase. Fidelity’s overall BTC holdings now amount to 174,437 BTC, valued at $10.06 billion. However, during this period, Grayscale decreased its BTC holdings by 659 BTC, leading to a reduction of $38 million. Grayscale held 273,483 BTC, valued at $15.77 billion, before this decrease.
The cryptocurrency ETF landscape witnessed significant shifts over these two days. BlackRock notably increased its Bitcoin holdings, emerging as a prominent market leader with a considerable rise in BTC. Fidelity also achieved noteworthy gains, while Grayscale experienced a decrease in its Bitcoin holdings throughout this period. These developments reflect the continuous strategies and adjustments made by major financial institutions in their investment approaches towards cryptocurrency assets.