Yesterday, the market makers used the war to smash the market and clean up the market. Countless retail investors panicked again and fled in a hurry. However, the truth is that institutional investors took the opportunity to frantically increase their holdings and pick up bargains!
On May 6, 9 Bitcoin ETFs increased their holdings by a total of 3,710 Bitcoins
According to Lookonchain's monitoring of US spot Bitcoin ETF data on May 6:
1. Fidelity increased its holdings by 1,662 Bitcoins, worth approximately US$105.7 million, and currently holds 151,241 Bitcoins, worth approximately US$9.62 billion;
2. Grayscale GBTC reduced its holdings by 938 Bitcoins, worth approximately US$59.66 million, and currently holds 291,239 Bitcoins, worth approximately US$18.53 billion;
3. 9 Bitcoin ETFs increased their holdings by a total of 3,710 Bitcoins, worth approximately US$236 million.
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Grayscale GBTC shares rose 5% in pre-market trading on Monday after the first inflow of funds since January. Data shows that GBTC withdrawals have reached $17.46 billion due to higher fees than competitors. (Reuters)
