Grayscale, which made one of its biggest sales, could not drop Bitcoin

While Bitcoin is getting one step closer to its peak of $69 thousand in November 2021, spot ETFs closed yesterday with a net investment of $92.3 million. The company that received the most investments was BlackRock with a net worth of $600 million. Fidelity, on the other hand, received one of the lowest investments it has seen in recent times and closed the day with a net investment of 44 million dollars.

Grayscale could not affect the output either

Grayscale, which has sold more than $8 billion worth of BTC since January 11, when Bitcoin spot ETFs were opened for trading, continued these sales yesterday. The company made sales of $598 million yesterday. This figure was Grayscale’s 2nd largest sale since January 11th. The company made sales of $640 million on January 22.

However, it is worth noting that the rise in Bitcoin also had an impact on the increase in the figures. The fact that Bitcoin, which was mostly between 40 thousand and 50 thousand dollars in January, is currently over 60 thousand dollars, also causes the figures to appear higher than the value they should be compared to that period. For example, although the number of Bitcoins in Grayscale’s possession decreases day by day, the total value, which was around 20 billion dollars a few weeks ago, has now increased to 26 billion dollars…

ETFs, which have received a total net investment of $ 7.4 billion since January 11, have had the largest share in Bitcoin reaching this level. ETFs saw $673 million in net investment yesterday, their biggest ever.

Companies currently hold $47.7 billion worth of Bitcoin. This figure corresponds to 3.93 percent of Bitcoin’s total supply.