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US Bitcoin Spot ETFs Collectively Reduce Holdings, Dumping 3,169 BTCJune 17, 2023 - According to blockchain data platform Lookonchain, nine US Bitcoin spot ETFs collectively reduced their holdings today, shedding a total of 3,169 BTC, worth approximately $208 million. Fidelity led the sell-off, reducing its holdings by 1,224 BTC, valued at around $80

For most of this year, institutional cryptocurrency investors have been exiting the market, especially as a bear market has already formed. However, Ethereum suffered much greater losses in this regard than other assets, and the outflow of funds dragged down the decrease in total assets under management (AuM)