Several weeks have elapsed since the trading of Bitcoin ETFs commenced. Current holdings of Bitcoin Spot ETFs represent this portion of the digital currency’s available supply. On January 10, the US Securities and Exchange Commission (SEC) gave the green light for the long-awaited exchange-traded funds (ETFs) that will track the spot price of Bitcoin. On January 11th, the following day, these exchange-traded funds (ETFs) commenced trading, representing a significant milestone for the digital currency sector. ETFs are financial products that enable investors to invest in a commodity by purchasing shares that represent the asset, rather than having to hold the actual commodity itself. ETFs might present a more attractive option for investing in Bitcoin for investors who aren’t familiar with the intricacies of cryptocurrencies. Additionally, there’s been a decline in the enthusiasm for encoding messages into the Bitcoin blockchain as the costs for doing so have decreased. Spot ETFs are traded on conventional exchanges, allowing investors experienced in standard trading methods to invest without the need to become accustomed to digital asset exchanges and wallet management. To afford investors this form of indirect investment in Bitcoin, the funds purchase and maintain holdings of the cryptocurrency. Maartunn, the community manager for CryptoQuant in the Netherlands, has recently posted new data on X… regarding the current assets held by spot ETFs. Accompanying the post is a chart detailing the assets held by established Bitcoin funds, such as the Grayscale Bitcoin Trust (GBTC). Recently, the measure’s worth seems to have sharply decreased, according to @JA_Maartun on X. The chart clearly shows a significant drop in the assets held by these funds.