A little over a month ago, we published the Bitcoin (BTC) rich list and highlighted an address that had acquired a vast amount of BTC in less than a year to become Whale #3:
![Bitcoin ETF | What are the whales up to? 2 Bitcoin ETF | What are the whales up to? | Speevr](https://speevr.com/wp-content/uploads/2024/01/Screenshot-2024-01-09-at-22.58.15-1024x727.png)
On Jan 5th, Whale #3 added more than 9K BTC to its position.
The other major Whales have not reduced their holdings since our last update. It would suggest they're confident the SEC will approve a significant number of the proposed Bitcoin (spot) ETFs.
One can never be too sure in the crypto Wild West.
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