" "

BTC Spot ETF Issuers Except Grayscale Buy BTC at an Average Price of $42k

BTC Spot ETF Issuers Except Grayscale Buy BTC at an Average Price of $42k

"All BTC spot ETF issuers except Grayscale bought 86,320 BTC ($3.63 billion) at an average price of $42k," said crypto analyst and trader Ali Martinez via X. "These seasoned institutions bought BTC at the top. "It is unlikely that these sophisticated institutions bought BTC at the top. The timing of their purchases suggests a strategic, long-term investment."