According to Odaily, Lookonchain's June 18 monitoring data shows a significant decline in bitcoin holdings by U.S. bitcoin exchange-traded funds (ETFs). Fidelity Investments has reportedly reduced its Bitcoin holdings by 1,377 units, which equates to approximately $89.06 million. Despite this reduction, Fidelity still holds around 170,152 bitcoins worth around 11 billion dollars.
In addition, Grayscale Investments also reduced its Bitcoin holdings and sold 834 units worth around 53.95 million dollars. Nevertheless, Grayscale's current Bitcoin holdings amount to 280,378 units with an estimated value of 18.13 billion dollars.
In addition, a total of nine Bitcoin ETFs have reduced their holdings by 2,824 Bitcoins, which equates to around 182.6 million dollars. These significant reductions in Bitcoin holdings by the major ETFs indicate a shift in investment strategies, although the specific reasons for these decisions remain unclear.
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