Last Friday, the data of BTC spot ETF still performed well. Although there is a trend of decreasing purchasing power like ETH, we can still see that a large amount of funds are concentrated in BTC. On Friday, the spot ETF had a net inflow of 4,099 BTC. Although it was the lowest data in the week, it was much stronger than before.
BlackRock had a net increase in holdings for five consecutive working days during the week, with a total increase of 16,975 BTC. Such a single-week increase in holdings has almost not been seen since March. Fidelity's net increase of 4,807 BTC ranked second, followed by ARK's 4,538 BTC, and Bitwise's 2,244 BTC ranked fourth.
It is worth mentioning that Grayscale's GBTC has a net increase of 963 BTC in the past week, not counting the number of Mini ETF increases, which is in sharp contrast with #ETH. Even when liquidity is tight, investors' limited funds are still concentrated in BTC.
In the past week, the net purchasing power of the twelve US ETFs was 31,119.43 BTC, an increase of 685.34% compared with the previous week. This data is also far higher than ETH. Grayscale's net selling has turned from 1,103.36 BTC two weeks ago to a net inflow of 1,232.71 BTC. Grayscale is no longer synonymous with BTC selling.
In the last week, the net increase of 29,692.72 BTC in the spot ETFs that have been counted has been 530.5% of the previous week, of which Hong Kong has a net outflow of 51 BTC in the past week.
