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Despite a significant sell-off by the Grayscale Bitcoin Trust (GBTC) ETF in January, the remaining 10 spot Bitcoin ETFs collectively increased their holdings by nearly 19,000 BTC during the same period.




GBTC aggressively sold a total of 132,195 Bitcoin in January, marking a 21% reduction in its Bitcoin stash from 619,220 BTC on Jan. 11 to 487,025 BTC on Jan. 31, according to public holdings data tracked by Cointelegraph. In contrast, the other nine funds actively acquired a combined total of 151,006 Bitcoin since the beginning of the month. These non-GBTC ETFs experienced a remarkable growth of over 700%, raising their holdings from 18,390 BTC at the start of trading to 169,396 BTC by Jan. 31. The collective holdings of all 10 spot Bitcoin ETFs reached 656,421 BTC, reflecting a 3% increase from the initial total holdings of 637,610 BTC. The total value stood at $27.7 billion at the time, based on CoinGecko data as of Jan. 31.






The tracking of this data relies on publicly available BTC ETF information reported by issuers, including the latest data from BlackRock’s iShares Bitcoin Trust (IBIT). Contradictory to Arkham Intelligence’s blockchain platform data, IBIT continued to augment its BTC holdings, adding 2,712 BTC on Jan. 31, as per publicly reported data. It’s worth noting that IBIT’s reported holdings differ from Arkham Intelligence’s findings, with the latter identifying the on-chain addresses of six spot Bitcoin ETFs, including IBIT, indicating holdings of 57,488 BTC as of Jan. 23.

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