Nine spot Bitcoin ETFs piled 100,000 BTC in just seven days, while it took roughly 300 days for MicroStrategy to cross this mark.
Grayscale’s Bitcoin (BTC) exchange-traded fund (ETF) dumped more than 80,000 BTC in just a few days after trading lunch, but other nine spot BTC exchange-traded funds (ETFs) have piled more than 100,000 BTC.
Nine spot Bitcoin ETFs — including Bitcoin ETFs like BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) — purchased 102,613 BTC in the first seven days after the trading launch on Jan. 11, according to ETF data tracked by Cointelegraph. The amount is worth around $4.1 billion at the time of writing, according to CoinGecko.
The amount of Bitcoin purchased by spot Bitcoin ETFs in only seven trading days accounts for 53% of all Bitcoin amassed by the giant BTC investor MicroStrategy over the past three years. According to MicroStrategy’s most recent BTC acquisition report, the firm held an aggregate of 189,150 BTC as of Dec. 26, 2023.
