At 10:00 a.m. EDT on Feb. 9, 2024, the nine recently launched spot bitcoin exchange-traded funds (ETFs) collectively possess 202,868.61 bitcoin, valued at $9.56 billion according to current exchange rates.
Bitcoin ETF Reserves Rise: Over 200,000 BTC Worth $9.56 Billion Gathered Since January Debut
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
New ETFs Command Over 200,000 Bitcoin
In the last 28 days, spot bitcoin ETFs introduced by Blackrock, Fidelity, Ark Invest, Bitwise, Invesco, Vaneck, Valkyrie, Franklin Templeton, and Wisdomtree have successfully gathered significant bitcoin ( BTC) reserves. These nine ETFs, together with Grayscale’s Bitcoin Trust (GBTC), commenced public trading on Jan. 11, 2024. Data indicates that aside from GBTC’s holdings, Blackrock’s IBIT fund is the leading holder of bitcoin ( BTC), with an impressive tally of 82,515.95 BTC, valued at approximately $3.89 billion.
The holdings page of Blackrock reveals a valuation of $3.71 billion for its funds, though the value of BTC has surged since the recording of 82,515.95 BTC on IBIT’s books. Following closely, the Fidelity Wise Origin ETF, dubbed FBTC, boasts the second-largest bitcoin reserve, with 69,433.66 BTC. Fidelity’s assessment of these holdings approximates their worth at $3.15 billion, yet, based on current BTC prices from cfbenchmarks reference, they are now estimated to be valued at $3.27 billion.
The ARKB fund from Ark Invest 21shares now boasts a portfolio of 18,590 BTC, currently estimated at $876 million. Bitwise’s BITB ETF oversees 17,398.13 BTC, with a valuation close to $820 million. The BTCO fund from Invesco Galaxy possesses 7,106 BTC, which was worth approximately $335 million as of Friday. Vaneck’s HODL ETF has expanded its reserves to 3,111.53 BTC, valued at $146.73 million, while Valkyrie’s BRRR maintains 2,720.34 BTC. Today, the BRRR bitcoin holdings are estimated to be valued at about $128.24 million.
The final two ETFs, Franklin Templeton and Wisdomtree, have significantly smaller holdings compared to their counterparts. The EZBC fund by Franklin Templeton possesses 1,595 BTC, and Wisdomtree’s BTCW safeguards 398 BTC. Collectively, these nine recently introduced funds amass 202,868.61 BTC, valued at $9.56 billion. In contrast, Grayscale’s GBTC boasts a massive 468,786.99 BTC, estimated at $21.33 billion. Despite the substantial collective holdings of over 200,000 coins by the new funds, GBTC has reduced its stash by 148,293 BTC, worth $6.99 billion since Jan. 12, 2024.
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.
