On 2 February, Lookonchain monitored the position of the Grey Scale Spot Bitcoin ETF, which decreased by 5,086 BTC, or approximately $218 million, on 1 February. Eight other spot bitcoin ETFs increased their positions by 8,907 BTC, or approximately $382 million, with Fidelity increasing its position by the largest amount, 5,422 BTC, or approximately $232.6 million.