Bitcoin ETF issuers, except for Grayscale, have collectively acquired more than 86,000 BTC at an average price of $42,000, an investment of $3.63 billion, according to on-chain analyst Ali on X.

The sustained high trading activity shows investors’ ongoing interest and engagement in recently launched Bitcoin ETFs.

Bitcoin ETFs Show Resilience

Among Bitcoin ETF issuers, iShares emerges as the leader, boasting a substantial holding of over $1.3 billion in BTC. Following closely is Fidelity, securing the second position with BTC holdings valued at $1.22 billion.

Bitwise and ARK/21Shares claim the third and fourth spots, with holdings worth $409.23 million and $364.94 million, respectively.

Excluding @Grayscale, all #Bitcoin ETF issuers have collectively acquired over 86,320 $BTC at an average price of $42,000 – totaling a massive $3.63 billion investment.

Do you think these seasoned institutions really bought at the top? This level of institutional investment… pic.twitter.com/kwB2BIPZ8e

— Ali (@ali_charts) January 22, 2024

In the fifth position is Invesco, holding a total BTC value of $249.49 million. VanEck precedes in the sixth position, with holdings valued at approximately $89.21 million. The lineup is completed by Valkyrie, Franklin Templeton, and WisdomTree, contributing to the diverse array of Bitcoin ETF issuers in the market.

Bloomberg ETF analyst Eric Balchunas has noted a shift in his perspective regar