8 physically-backed Bitcoin ETFs increased their holdings by 9901 BTC yesterday, while GBTC only reduced its holdings by 921 BTC.
According to data from Lookonchain monitoring, on February 27th, 8 physically-backed Bitcoin ETFs increased their holdings by 9901 BTC (valued at approximately $564 million), while Grayscale's GBTC only reduced its holdings by 921 BTC (valued at approximately $52.5 million). Specifically, Fidelity increased its holdings by 4460 BTC (valued at approximately $254 million); ARK 21Shares increased its holdings by 2394 BTC (valued at approximately $136.4 million); Blackrock increased its holdings by 2051 BTC (valued at approximately $116.85 million).
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