This week’s review of U.S. Bitcoin ETFs shows significant activity with a total net outflow of 12,703 BTC, which equates to approximately $691.5 million. The overview illustrates the shifting sentiments and strategies among investors in the crypto market.

BlackRock’s Bitcoin ETF, IBIT, maintained stability with no change in holdings, standing at 357,509 BTC. In contrast, Fidelity’s Bitcoin ETF (FBTC) saw a substantial outflow, losing 5,851 BTC, now totaling 172,718 BTC. Grayscale’s GBTC also experienced a notable decrease, shedding 3,102 BTC, bringing its holdings down to 224,152 BTC.

Other ETFs like ARK’s ARKB and Bitwise’s BITB reported decreases of 1,683 BTC and 1,084 BTC, respectively, indicating a trend of reduction across several major funds. Smaller funds such as Invesco Galaxy (BTCO) and Valkyrie (BRRR) also faced declines, though less drastic, with reductions of 652 BTC and 44 BTC, respectively.

Overall, the collective holdings now stand at 900,463 BTC valued at approximately $53.1 billion. This week’s activity reflects cautious or profit-taking behaviors as ETFs adjust their holdings amidst fluctuating market conditions.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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