- HODL15Capital revealed consistent BTC acquisition by nine active ETFs for the past eight weeks.
- Nine new ETFs acquired 346,456 Bitcoins in eight weeks.
- Analysis suggests that ETFs’ Bitcoin acquisition coincides with the latest Bitcoin rally.
Data from HODL15Capital, a renowned asset allocator, shows a consistent Bitcoin acquisition across all nine active spot Bitcoin ETFs for the past eight weeks. In a post on X, the investor revealed that the highest BTC acquisition happened in week 6, despite Grayscale’s GBTC losing 12,331 units of its holdings and Invesco Galaxy’s BTCO losing 1,466 BTC.
Data showing each Bitcoin ETF: pic.twitter.com/8SGiSpv3qa— HODL15Capital (@HODL15Capital) March 4, 2024
While the newly launched ETFs engaged in constant Bitcoin acquisition, HODL15Capital’s data showed that the GBTC has consistently released portions of its BTC holdings. Week 2 marked GBTC’s most significant period in terms of a drop in holdings, with the product losing 64,398.
On the contrary, BlackRock’s IBIT led the gainers in terms of accumulated Bitcoins with 164,500 BTC in its portfolio. Week 8 marked IBIT’s highest-performing week, with an ac…
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