Bitcoin On-Chain Activity Since U.S. Spot ETF Launch

According to Odaily, recent data compiled by HODL15Capital reveals significant on-chain activity for Bitcoin following the launch of the U.S. Bitcoin spot ETF. Since its introduction, a total of 198,258 BTC have been mined. This period has also seen substantial sales and purchases by various entities. Grayscale, through its GBTC/BTC holdings, has sold 366,700 BTC. Additionally, the German government has offloaded 50,000 BTC. On the buying side, nine newly launched ETFs have collectively acquired 826,792 BTC, marking a significant influx of institutional investment into the cryptocurrency market. MicroStrategy, known for its aggressive Bitcoin acquisition strategy, has purchased 197,550 BTC. Meanwhile, other related parties have collectively sold a net total of 409,384 BTC. These transactions highlight the dynamic nature of Bitcoin's market activity in response to the introduction of the spot ETF, reflecting both institutional interest and governmental actions in the cryptocurrency space.