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Spot Bitcoin ETFs add 151K BTC amidst GBTC dump in January

The Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) aggressively sold Bitcoin in January. According to public holdings data tracked by Cointelegraph, GBTC dumped a total of 132,195 Bitcoin (BTC) last month, reducing its Bitcoin stash by 21% to 487,025 BTC on Jan. 31. The other nine funds were actively catching up, adding a combined total of 151,006 Bitcoin since the first trading day. The non-GBTC ETFs increased their holdings by more than 700% to 169,396 BTC at the end of January. Despite GBTC’s sell-off, the total Bitcoin held by all 10 spot Bitcoin ETFs rose by 3% to 656,421 BTC, valued at $27.7 billion.

Celsius exits bankruptcy, commences return of over $3B to creditors

Celsius has emerged from Chapter 11 bankruptcy in the United States and is set to start distributing $3 billion worth of crypto and fiat to creditors, along with launching a new Bitcoin mining firm. In a Jan. 31 press release, the crypto lender said its bankruptcy exit sees the creation of Ionic Digital, a Bitcoin mining company managed by Hut 8 and headed by Hut 8 chief commercial officer Matt Prusak. Around 98% of Celsius creditors agreed to the bankruptcy exit plan, which comes over 18 months after it paused withdrawals in June 2022 and filed for bankruptcy a month later.

$900M in vested tokens set to be released in February

The digital asset market is bracing for the release of nearly $900 million in vested tokens in February, according to data provider Token Unlocks. Some of the tokens set to be released include Avalanche, Aptos (APT), The Sandbo

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Author: Editorial Staff

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