The latest statistics on bitcoin reserves from the nine new spot bitcoin exchange-traded funds (ETFs) reveal they currently possess 453,503.98 bitcoins, valued at approximately $30.29 billion based on the current exchange rates.
9 New Bitcoin ETFs Surpass GBTC by Accumulating 450,000 BTC Worth Over $30B
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The 9 New ETFs Hold Nearly a Half Million Bitcoin
Since their inception on Jan. 11, 2024, these nine spot bitcoin ETFs have rapidly accumulated a significant amount of bitcoin (BTC), with projections indicating they will soon surpass the half-million mark. As of March 17, 2024, their collective holdings amount to 453,503.98 BTC, valued at $30.29 billion. Leading the pack is Blackrockâs IBIT, with a massive holding of 228,612.98 BTC, valued at $15.27 billion, representing 50.41% of the total 453,503.98 BTC held.
Trailing behind Blackrock, Fidelityâs FBTC fund now secures 132,571.08 BTC, worth approximately $8.85 billion. FBTCâs reserves make up 29.23% of the total bitcoin reserves among the nine ETFs. Ark Investâs ARKB currently possesses 39,789 BTC, with a market value of $2.65 billion, while Bitwiseâs BITB has 29,267 BTC, estimated to be worth around $1.95 billion. Recent developments have seen Vaneckâs and Valkyrieâs holdings surpass those of Invescoâs. Vaneckâs HODL is at 7,438.19 BTC, and Valkyrieâs BRRR stands at 6,343.69 BTC.
In contrast, Invescoâs BTCO fund holds 5,098 BTC, valued at just over $340 million, and Franklin Templetonâs EZBC fund owns 3,306 BTC. Wisdomtreeâs BTCW fund is at 1,078.04 BTC as of the latest figures. These combined reserves now exceed those of Grayscaleâs Bitcoin Trust (GBTC), which holds 380,240.68 BTC, worth $25.4 billion, marking a notable decrease following its transition to a spot BTC ETF.
From Jan. 12, 2024, when GBTC held 617,079.99 BTC, it has seen a reduction of 236,839.31 BTC over 65 days, a devaluation of about $15.82 billion. While GBTC remains the largest BTC ETF in terms of reserves, IBIT is rapidly gaining ground, with its reserves now surpassing 60% of GBTCâs holdings.
What do you think about the assets held by the newly introduced spot bitcoin ETFs? Share your thoughts and opinions about this subject in the comments section below.
