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Bitcoin ETF

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etf-issuers-accumulate-billions-in-btc-shortly-after-launch/" data-wpel-link="internal">Bitcoin ETF Issuers Accumulate Billions in BTC Shortly After Launch</a><br></p>
<p style="text-align: justify"><strong>Bloomberg</strong> analyst Eric Balchunas reports that nine <a href="https://en.coin-turk.com/bitcoin-to-surge-in-2024-expert-predicts-100-price-jump/" data-wpel-link="internal">Bitcoin</a> exchange-traded fund (ETF) issuers are accumulating billions of dollars worth of BTC shortly after their launch.</p> 
<h2 id="etf-process-in-bitcoin">ETF Process in Bitcoin</h2> 
<p style="text-align: justify">Analyst Eric Balchunas informed his followers on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> that he has been closely monitoring the capital movements inside and outside the recently launched nine <strong>Bitcoin</strong> ETFs. According to Balchunas, the issuers include Fidelity (FBTC), iShares (IBIT), Invesco (BTCO), ARK/21Shares (ARKB), Bitwise (BITB), VanEck (HODL), WisdomTree (BTCW), Valkyrie (BRRR), and Franklin Templeton (EZBTC), which collectively own approximately $4 billion worth of a total of 95,297.2 BTC as of January 19.</p> 
<p style="text-align: justify">At the top of the list is iShares with over $1.4 billion in 33,706 BTC, followed by Fidelity with $1.262 billion worth of 30,384 BTC. Bitwise is in third place with 10,235 BTC valued at $425.4 million, and ARK/21Shares has accumulated 9,134.2 BTC, reaching nearly $379.6 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-305812 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/btc-3.png" alt="" width="679" height="301"></p> 
<h2 id="comments-from-bloomberg-analyst">Comments from Bloomberg Analyst</h2> 
<p style="text-align: justify">Invesco ranks fifth with 6,192.8 <strong>BTC</strong> worth $257.4 million, followed by VanEck with 2,566.9 BTC valued at $106.7 million and Valkyrie with 1,726.5 BTC worth $71.7 million. Franklin Templeton secured the eighth spot by acquiring 1,169.5 BTC valued at $48.6 million, and WisdomTree completed the list by holding 182.1 BTC worth $7.6 million. Eric Balchunas also noted that the purchasing activities of the nine <strong>Bitcoin</strong> ETF issuers have surpassed the sales of crypto giant Grayscale (GBTC), stating:</p> 
<blockquote> 
 <p style="text-align: justify">Despite GBTC seeing an outflow of -$590 million on Friday, the Nine surpassed it with +$623 million (third-best day). Both IBIT and FBTC had over $200 million each, while BTCO and HODL had their best sales to date. With the Nine’s assets under management (AUM) reaching $4 billion compared to GBTC’s -$2.8 billion, total net flows are at +$1.2 billion, and their share of AUM has risen to 14%.</p> 
</blockquote> 
<p style="text-align: justify">Eric Balchunas also suggested that the biggest GBTC sellers were FTX and investors who accumulated shares last year when the fund was trading in a deep discount zone.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-etf-issuers-accumulate-billions-in-btc-shortly-after-launch/" data-wpel-link="internal">Bitcoin ETF Issuers Accumulate Billions in BTC Shortly After Launch</a></h5>

Bitcoin ETF Issuers Accumulate Billions in BTC Shortly After Launch

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