According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC.
US Bitcoin ETFs on the Verge of Controlling 1 Million BTC
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12 Spot Bitcoin ETFs Close in on Holding 1 Million BTC
The 12 U.S. bitcoin ETFs have scooped up a substantial portion of the circulating BTC, absorbing hundreds of thousands of coins since Jan. 11, 2024. It’s noteworthy that Grayscale’s GBTC had already amassed a significant amount of BTC before evolving into a publicly traded ETF. The day after its public debut, Grayscale’s GBTC held 617,079.99 BTC. However, it has since experienced an outflow exceeding $19.6 billion, reducing its current BTC holdings to 230,430.14 as of Aug. 16. Despite this decrease, GBTC remains a significant player, controlling 25.32% of the 910,153.83 BTC managed by the 12 funds.
The heavyweight in the realm of spot bitcoin ETFs is Blackrock, boasting a stash of 348,950.63 BTC. Since its inception, Blackrock’s IBIT has attracted $20.39 billion in inflows, accounting for 38.34% of the 910K total. Fidelity’s FBTC trails behind IBIT and GBTC, holding 176,972.81 BTC as per the Aug. 16 data. FBTC’s share represents 19.44% of the BTC held by the 12 funds. Ark Invest’s and 21shares’ ARKB fund, which has accumulated 46,406 BTC since its launch, stands as the fourth-largest fund.
ARKB controls 5.1% of the 910K BTC. Bitwise’s BITB has secured 37,993.13 BTC, making up 4.17% of the total, while Grayscale’s Mini Bitcoin Trust now holds 31,598.11 BTC, or 3.47%. Vaneck’s HODL manages 10,916.89 BTC, which is 1.2%, and Coinshares’ Valkyrie fund BRRR holds 8,876.05 BTC, or 0.98%. Invesco’s and Galaxy’s BTCO currently holds 7,813 BTC, while Franklin Templeton’s EZBC secures 6,525 BTC, with these two funds representing 0.86% and 0.72%, respectively.
Wisdomtree’s BTCW holds 3,493.77 BTC, contributing 0.38% of the total cache among the 12 funds. Lastly, Hashdex’s fund DEFI has the smallest bitcoin holding of the group, with just 178.3 BTC, or 0.02%. As of block height 857,408, the BTC money supply or total amount of BTC in circulation is 19.741 million and the 910,153.83 BTC equates to 4.61% of the circulating supply.
What do you think about the stash of bitcoin held by the 12 U.S. spot bitcoin ETFs? Share your thoughts and opinions about this subject in the comments section below.
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