BlackRock’s Spot ETF Notches Big Milestone; Bitcoin Whales Make New Moves

Hong Kong voices interest in spot Bitcoin ETF S and a prat five giant launches a new win in the crypto world. You're watching Coin desk daily, I'm your host, Jen Sani Bitcoin is trading above $42,000. As new data shows, large investors boosted their coin stash in January. According to on chain analytics firm into the block, crypto Wales accumulated $3 billion worth of Bitcoin this month. The amount of Bitcoin held in wallets owning over 1000 Bitcoin jumped by roughly 76,000 BT C to nearly 7.8 million more global spot. Bitcoin ETF S could be on the way. Multiple published reports note a major asset management company in China applied for a spot Bitcoin ETF with Hong Kong Security and Futures Commission. The company is known as harvest global investments and is reportedly in discussions with regulators regarding the city's stablecoin sandbox as well. Bloomberg reports. Venture smart financial holdings, which is a different Hong Kong firm also said it will file a spot Bitcoin ETF application and hopes to start trading during the first quarter and back in the United States blackrocks, Bitcoin ETF became the first of the recently launched spot Bitcoin ETF products to reach $2 billion in assets under management. The fund now holds about 50,000 Bitcoin after adding almost another 4300 tokens last Thursday. This excludes gray scales G BT C which had nearly 30 billion in assets under management at the time of its conversion from a closed end fund to a spot ETF that's it for Coindesk daily. Get more updates on coindesk.com and we'll see you next time.