January 31, witnessed a notable shift in the markets for Bitcoin Exchange-Traded Funds (ETFs), according to Lookonchain monitoring. On February 1, Grayscale, a pioneer in cryptocurrency investments, saw its spot Bitcoin ETF holdings drop by 5,086 BTC, equivalent to approximately USD 218 million.
On the other hand, eight other Bitcoin ETFs experienced an aggregate increase in their holdings of 8,907 BTC, which translates to approximately USD 382 million in monetary terms.
Among these eight, Fidelity Investments witnessed the highest surge in its positions, accruing an additional 5,422 BTC to its holdings. This increase equates to approximately USD 232.6 million.
While Grayscale's holdings have seen a decrease, the uptick in ETF holdings from Fidelity and others indicates a continuous investment interest in Bitcoin. The shifting dynamics provide further proof of the volatile and ever-changing landscape of cryptocurrencies.
