đ¨ An investment firm nearly increased its Bitcoin fund holdings eightfold!
While some are talking about institutions fleeing crypto, Jane Streetâs data tells a different story!
đ The firm increased its holdings in Fidelityâs Bitcoin fund (FBTC) from around 887,000 shares to 7.01 million shares, worth $509 million at the end of September.
Meanwhile:
đť It reduced its shares in BlackRockâs Bitcoin fund (IBIT) by 19%.
đ It increased its investments in the ARKB fund and the ETHA Ethereum fund.
đĄ The key takeaway:
An institution selling shares in a particular fund does not necessarily mean it is exiting Bitcoin. Sometimes it is simply reallocating between different investment vehicles.
These figures reflect holdings at the end of September, not purchases made today.
đ Do you consider institutional moves an important indicator when making your investment decisions?
#JaneStreetNearlyOctuplesFidelityBitcoinETFHoldings #BitcoinETF #BTC #InstitutionalInvestors
â ď¸ News content, not investment advice.
While some are talking about institutions fleeing crypto, Jane Streetâs data tells a different story!
đ The firm increased its holdings in Fidelityâs Bitcoin fund (FBTC) from around 887,000 shares to 7.01 million shares, worth $509 million at the end of September.
Meanwhile:
đť It reduced its shares in BlackRockâs Bitcoin fund (IBIT) by 19%.
đ It increased its investments in the ARKB fund and the ETHA Ethereum fund.
đĄ The key takeaway:
An institution selling shares in a particular fund does not necessarily mean it is exiting Bitcoin. Sometimes it is simply reallocating between different investment vehicles.
These figures reflect holdings at the end of September, not purchases made today.
đ Do you consider institutional moves an important indicator when making your investment decisions?
#JaneStreetNearlyOctuplesFidelityBitcoinETFHoldings #BitcoinETF #BTC #InstitutionalInvestors
â ď¸ News content, not investment advice.
