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- In line with HODL15Capital, 9 newly launched spot Bitcoin ETFs now maintain extra Bitcoins than Michael Saylor’s Microstrategy.
- The 9 ETFs bought 216,309 Bitcoins, equal to $10.3 billion in 20 days.
- As of February 6, MicroStrategy held 190,000 Bitcoins in its portfolio
In line with HODL15Capital, a self-described Capital Compounder, 9 newly launched spot Bitcoin ETFs now maintain extra Bitcoins than Michael Saylor’s Microstrategy. In a current publish on X (previously Twitter), HODL15Capital famous that the recognized 9 ETFs bought 216,309 Bitcoins, equal to $10.3 billion in 20 days.
HODL15Capital shared a bar chart that displays the BTC bought by the person ETFs since January 11, a day after the U.S. Securities and Alternate Fee (SEC) authorized them. The shared information reveals that BlackRock’s IBIT and Constancy’s FBTC dominated the Bitcoin purchases. The chart additionally revealed that the BTC bought by the recognized ETFs elevated day by day.
The reported 216,309 Bitcoins signify the overall BTC purchases made by the ETFs as of February 9, surpassing MicroStrategy’s holdings of 190,000 Bitcoins, based on stories. The famend property administration firm began shopping for Bitcoins in the midst of 2020 after it introduced that it will start placing a few of its money in direction of various property, together with cryptocurrencies.
Bitcoin value has displayed two vital transition phases for the reason that SEC authorized the spot Bitcoin ETFs. BTC nosedived shortly after an preliminary spike, with the worth dropping from $49,048 on January 11 to $38,505 as of January 23, marking the primary part of the post-ETF value motion.
The worth reversed instantly after reaching the $38,505 help, embarking on an upward motion it has sustained till thus far. Bitcoin traded for $48,282 as of submitting this report, based on information from TradingView. It reclaimed the bulling momentum, breaking by short-term resistance and concentrating on the January 11 yearly excessive.
A break above the brand new excessive may see Bitcoin climb above $50,000 for the primary time since December 2021. It may additionally open the way in which for larger costs, with a major resistance at $52,000.
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