While Bitcoin is one step closer to its peak of $69 thousand in November 2021, spot ETFs closed yesterday with a net investment of $92.3 million. The most invested company was BlackRock with a net $600 million. Fidelity, on the other hand, received one of the lowest investments it has seen recently and closed the day with a net investment of $44 million.

Grayscale is losing its stronghold in Bitcoin

Grayscale, which has sold more than $8 billion worth of BTC since January 11, when Bitcoin spot ETFs opened for trading, continued these purchases yesterday. The company sold $598 million yesterday. This figure was Grayscale’s second-highest sale since January 11. The company had sold $640 million on January 22.

However, it is worth noting that the surge in Bitcoin has also contributed to the rise in the figures. The fact that Bitcoin, which was mostly between $40,000 and $50,000 in January, is now over $60,000 makes the figures seem higher than they should be compared to that period. For example, although the number of Bitcoins held by Grayscale is decreasing day by day, the total value has increased from around $20 billion a few weeks ago to $26 billion now…

ETFs, which have received a total net investment of $7.4 billion since January 11, have played a major role in Bitcoin’s surge to this level. ETFs reached their biggest figure to date yesterday with a net investment of $673 million.

The companies currently hold $47.7 billion in Bitcoin. This figure corresponds to 3.93% of Bitcoin’s total supply.