8 months ago
Since Jan. 12, 2024, Grayscale’s recently transitioned spot bitcoin exchange-traded money (ETF), GBTC, experienced a withdrawal of 50,106.59 bitcoin. Meanwhile, the 9 recently launched spot bitcoin ETFs person collectively accumulated 81,366 bitcoin, valued astatine astir $3.39 billion.
Grayscale, Blackrock, and Fidelity Dominate ETF Holdings— More Than 95% Is Stored connected Coinbase
Recent information reveals that the 9 spot bitcoin ETFs launched precocious person amassed a important quantity of bitcoin since their marketplace debut. GBTC remains the apical bitcoin custodian with 566,973.40 BTC, valued astatine an estimated $23.5 billion. This fig comes aft a withdrawal of 50,106.59 BTC from GBTC’s holdings since Jan. 12. The second-highest bitcoin equilibrium successful a U.S.-based spot bitcoin ETF belongs to Blackrock’s IBIT, which possesses 28,622 BTC, equivalent to astir $1.19 billion, based connected Sunday’s trading values.
Fidelity’s Wise Origin ETF (FBTC) holds the presumption of the second-largest bitcoin holder, with astir 24,857 BTC valued conscionable supra $1 billion. Combined, Blackrock and Fidelity’s bitcoin reserves full 53,479 BTC, accounting for 65.72% of the full held by each 9 recently introduced spot bitcoin ETFs. The Bitwise ETF, known arsenic BITB, present controls 10,136 BTC, valued astatine conscionable implicit $422 million, portion the holdings of Ark Invest’s and 21shares’ ETF magnitude to 7,565 BTC, worthy $315.62 cardinal astatine existent speech rates.
The Invesco Galaxy ETF ranks arsenic the adjacent astir important holder, possessing 6,143 BTC with a worth of $256 million. Vaneck’s ETF has a holding of 2,150 BTC, followed by Valkyrie’s ETF with 1,712 BTC, and Franklin Templeton’s ETF, which includes 1,160 BTC. The smallest postulation belongs to the Wisdomtree spot bitcoin ETF, maintaining 111 BTC valued astatine $4.62 million. When GBTC is combined with the 9 different ETFs, the full held by U.S. spot bitcoin exchange-traded funds amounts to conscionable implicit 648,339 BTC, estimated astatine $27 billion, based connected the speech rates arsenic of Jan. 21, 2024, astatine 8:00 a.m. Eastern Time.
This indicates that GBTC holds a commanding 87.45% of the combined total, portion the different 9 ETFs collectively relationship for 12.55% of the 648,339 BTC. Furthermore, 8 of the 10 U.S. spot bitcoin ETFs person entrusted their assets to Coinbase for safekeeping. Fidelity, connected the different hand, secures its holdings done its ain custody service, and Vaneck has chosen Gemini for storing its ETF-related BTC. As a result, a important 621,332 BTC, oregon 95.83% of the full held by each 10 funds, is nether the safeguard of Coinbase Custody. Meanwhile, Fidelity is liable for 24,857 BTC, and Gemini oversees 2,150 BTC.
What bash you deliberation astir the 9 recently launched spot bitcoin ETFs gathering 81,366 bitcoin since Jan. 12? Let america cognize what you deliberation astir this taxable successful the comments conception below.
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