As of June 7, 2024, recent data has shown that numerous Spot Bitcoin ETFs are holding significant amounts of Bitcoin (BTC). These ETFs collectively possess a substantial portion of the total Bitcoin supply, indicating a strong level of interest and involvement from institutional investors in the cryptocurrency market. It is expected that more funds will flow into these ETFs in the near future. Let’s delve into the essential details.
Total Bitcoin Supply in ETFs
Currently, around 5% of the total Bitcoin supply is being held in these ETFs, showcasing a notable accumulation that reflects confidence in Bitcoin’s value and its potential as a long-term investment. For the latest technology news, you can access NEWSLINKER.
A total of 34 ETFs are in control of over 1,000,000 BTC, underscoring the significant level of institutional investment and emphasizing the crucial role that ETFs play in the broader Bitcoin ecosystem.
Top Bitcoin Holders
Among the leading BTC holders, BlackRock Shares Bitcoin ETF (IBIT) stands out with 304,995 BTC, closely followed by Grayscale Bitcoin Trust (GBTC) with 284,581 BTC. Fidelity WiseOrigin Bitcoin ETF (FBTC) holds 173,739 BTC, demonstrating a substantial investment from a major financial institution.
These top three ETFs together possess over 763,000 BTC, with more than 76% of the total BTC held by all listed ETFs currently residing in these three.
Distribution by Region
In terms of U.S.-based ETFs, they collectively hold 883,978 BTC, making up the majority of the assets. This highlights the U.S. as a key hub for Bitcoin ETF investments.
Key U.S. ETFs include ARK 21Shares Bitcoin ETF (ARKB) with 45,084 BTC, Bitwise Bitcoin ETF (BITB) with 37,948 BTC, and VanEck Bitcoin Trust (XBTC) with 36,580 BTC.
Current Status of Global ETFs
On a global scale, Canada’s Purpose Bitcoin ETF holds 26,957 BTC, Germany’s ETC Group Physical Bitcoin ETF holds 20,837 BTC, and Switzerland’s 21Shares Bitcoin ETP holds 11,138 BTC. Other notable global ETFs include CoinShares Physical Bitcoin with 14,996 BTC and WisdomTree Physical Bitcoin with 9,164 BTC.
The total value of assets in all ETFs amounts to approximately $72.24 billion, reflecting a significant amount of financial resources being dedicated to Bitcoin investment through ETFs. BlackRock’s ETF alone holds $21.35 billion in assets, followed by Grayscale with $19.09 billion and Fidelity with $12.16 billion.
The substantial holdings of BTC by major financial institutions such as BlackRock, Fidelity, and Grayscale indicate a strong level of institutional confidence in Bitcoin. This confidence has the potential to drive further adoption of Bitcoin and enhance its credibility as an asset class.
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Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own thorough research.
