Grayscale reduces its BTC holdings, while BlackRock increases theirs

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Bitget2024/04/24 23:46

The large cryptocurrency investment company Grayscale has reduced its Bitcoin (BTC) holdings by 538 BTC, worth approximately $35.08 million. The company currently holds 303,683 BTC, valued at about $19.8 billion.

In contrast, another well-known investment management company BlackRock has increased its BTC holdings. The company added 569 BTC to its portfolio, equivalent to about $37.14 million. BlackRock currently holds 274,462 BTC, valued at approximately $17.9 billion.

Additionally, a total of nine Exchange Traded Funds (ETFs), including Grayscale have collectively increased their holdings by 949 BTCs worth around $61.88 million dollars.The report did not provide more details on the other eight ETFs involved in the acquisition of Bitcoins.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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