In spite of forceful selling by the Grayscale Bitcoin Trust ETF, every one of the 10 spot Bitcoin ETFs altogether added almost 19,000 BTC in January.

Update, February 1 at 12:15 UTC: Added the most recent openly revealed information from BlackRock’s iShares Bitcoin Trust and rectified the complete figures.

The Grayscale Bitcoin Trust (GBTC) trade exchanged reserve (ETF) forcefully sold Bitcoin in January, however different ETFs purchased essentially more BTC.

Godleak’s public holdings data shows that in January, GBTC sold 132,195 Bitcoin BTC tickers for $43,097 less, cutting its Bitcoin holdings by 21%, from 619,220 BTC on Jan. 11 to 487,025 BTC on Jan. 31.

Since the first trading day, the other nine funds had added 151,006 Bitcoin each, actively catching up. The non-GBTC ETFs have expanded their possessions by over 700%, from 18,390 BTC toward the beginning of the exchanging to 169,396 BTC as of Jan. 31.

As of Jan. 31, each of the 10 spot Bitcoin ETFs aggregately held 656,421 BTC, up around 3% from the underlying complete property of 637,610 BTC, worth $27.7 billion at the hour of composing, as indicated by CoinGecko.

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The followed information depends on openly accessible BTC ETF data revealed by guarantors, including the refreshed information from BlackRock’s iShares Bitcoin Trust (IBIT). IBIT continued to increase its BTC holdings on the final day of January, adding 2,712 BTC on January 31, as indicated by the publicly reported data.

IBIT’s possessions information doesn’t compare with the data by the blockchain stage Arkham Knowledge, which on Jan. 23 distinguished the on-chain locations of six spot Bitcoin ETFs, including IBIT. As indicated by Arkham’s information, BlackRock’s iShares Bitcoin ETF holds 57,488 BTC at the hour of composing.

Godleak moved toward Arkham for a remark in regards to the error yet presently couldn’t seem to get a reaction at the hour of distribution.

Regardless of every one of the 10 spot Bitcoin ETFs adding 3% in complete possessions in January, Bitcoin has seen a critical drop in cost throughout the course of recent days. In the wake of beginning the year at around $45,000, Bitcoin confronted critical disturbance, tumbling underneath $39,000 on Jan. 23, as per information from CoinGecko. Bitcoin is currently trading at 42,215, down about 8% in the last 30 days.

As recently detailed, numerous examiners and leaders saw the send off of spot Bitcoin ETFs in the U.S. as a “sell the news” second, for certain experts proposing that more tension could emerge out of the prospects market. Cathie Wood, CEO of ARK Invest, made the prediction toward the end of 2023 that some investors would “sell on the news” of spot Bitcoin ETF approval in the near future. However, the executive believes that the long-term outlook is still optimistic.