As of June 7, 2024, recent data has shown significant amounts of Bitcoin (BTC) being held by a variety of Spot Bitcoin ETFs. Together, these ETFs hold a large portion of the total Bitcoin supply, indicating a strong interest and participation from institutional investors in the cryptocurrency market. The influx of funds into these ETFs is expected to continue to rise. Let’s delve into the essential details.
Total Bitcoin Supply in ETFs
Currently, around 5% of the total Bitcoin supply is held within these ETFs, showcasing a considerable accumulation that demonstrates confidence in Bitcoin’s value and its potential as a long-term investment. For the latest technology news, make sure to check out NEWSLINKER.
A total of 34 ETFs are in control of over 1,000,000 BTC, emphasizing the significant institutional investment and the crucial role that ETFs play in the broader Bitcoin ecosystem.
Top Bitcoin Holders
The BlackRock Shares Bitcoin ETF (IBIT) is leading among the top BTC holders with 304,995 BTC, closely followed by Grayscale Bitcoin Trust (GBTC) with 284,581 BTC. Fidelity WiseOrigin Bitcoin ETF (FBTC) holds 173,739 BTC, showcasing a substantial investment from a major financial institution.
These top three ETFs collectively hold more than 763,000 BTC, with over 76% of the total BTC held by all listed ETFs residing in these three ETFs.
Distribution by Region
U.S.-based ETFs currently hold a total of 883,978 BTC, making up the majority of the assets. This highlights the U.S. as a central hub for Bitcoin ETF investments.
Notable 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, while Switzerland’s 21Shares Bitcoin ETP holds 11,138 BTC. Other significant global ETFs include CoinShares Physical Bitcoin with 14,996 BTC and WisdomTree Physical Bitcoin with 9,164 BTC.
The total amount held in all ETFs is approximately $72.24 billion, reflecting a substantial financial commitment 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 BTC holdings by major financial institutions such as BlackRock, Fidelity, and Grayscale indicate a strong institutional confidence in Bitcoin, which could further drive the adoption of Bitcoin and solidify its legitimacy as an asset class.
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Disclaimer: The information provided in this article is not intended as investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research.