{"id":136800,"date":"2024-09-05T17:30:35","date_gmt":"2024-09-05T14:30:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136800"},"modified":"2024-09-05T14:20:17","modified_gmt":"2024-09-05T11:20:17","slug":"fidelity-moves-bitcoin-holdings-amid-etf-outflows","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/fidelity-moves-bitcoin-holdings-amid-etf-outflows\/","title":{"rendered":"Fidelity Moves Bitcoin Holdings Amid ETF Outflows"},"content":{"rendered":"

Recently, the firm transferred<\/a><\/strong> multiple batches of BTC from its main custodial wallet to new addresses, splitting each batch into smaller amounts. Although these transactions have been executed, there are no signs yet of these coins being sold on the open market. Unlike other funds, Fidelity does not use Coinbase Custody.<\/p>\n

This movement follows a period where BTC ETFs saw a large net outflow<\/a><\/strong> of up to 10,428 BTC, with Fidelity\u2019s recent actions part of a broader trend that includes significant selling in August. The market has seen volatility, with BTC prices dipping as low as $55,000, causing some ETF traders to sell quickly.<\/p>\n

In addition, Grayscale has been offloading Ethereum (ETH<\/a><\/strong>), moving 15.47K ETH to Coinbase Prime, while ETH remains depressed at $2,413.25, reflecting a 60% drop over recent weeks.<\/p>\n