Quick Take
- On June 15, we had news of the BlackRock spot ETF being filed, and now we are waiting on the verdict of the SEC.
- Only one of BlackRock’s 576 ETFs it has filed has been denied by the SEC.
- The news seems to have spurred on Bitcoin accumulation from many different cohorts.
- Whales with 10,000 Bitcoin or more are still in accumulation but in a much lighter tone, according to Glassnode data as of June 19.
- Other cohorts are starting to see light accumulation aside from the 100-1,000 Bitcoin cohort.
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