Bitcoin ETF issuers have purchased more than 86,000 Bitcoins, with a total investment of US$3.63 billion.

Cointime2024/01/23 01:08

By:Cointime

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On-chain analyst Ali stated that Bitcoin ETF issuers, excluding Grayscale, have collectively purchased over 86,320 bitcoins at an average price of $42,000, with a total investment of up to $3.63 billion. This large investment may indicate that institutional investors are taking a long-term, strategic approach to holding Bitcoin, rather than just investing during price peaks.

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Bitcoin ETF issuers have purchased more than 86,000 Bitcoins, with a total investment of US$3.63 billion.

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