8 months ago
In the latest reports, a fig of the 9 spot bitcoin exchange-traded funds (ETFs) that were launched connected Jan. 11, 2024, person accrued their bitcoin holdings pursuing the past time of trading enactment recorded connected Feb. 2, 2024. According to the data, Blackrock’s IBIT present possesses 72,466.64 bitcoin, valued astatine $3.12 billion, and Fidelity’s Wise Origin ETF, FBTC, presently owns 60,054.87 BTC, estimated astatine $2.58 billion.
177,949 BTC Stashed by 9 ETFs, Blackrock and Fidelity Hold Nearly 75%
While the bitcoin reserves successful GBTC person diminished, the 9 recently launched spot bitcoin exchange-traded funds — IBIT, FBTC, ARKB, BITB, BTCO, HODL, BRRR, EZBC, and BTCW — person gathered a important magnitude of BTC. Currently, Blackrock’s IBIT stands arsenic the premier holder of bitcoin among U.S. spot bitcoin ETFs, with the objection of Grayscale’s GBTC.
The Ishares Bitcoin Trust (IBIT) present boasts 72,466.64 BTC, representing 0.369% of the full 19.61 cardinal BTC circulating globally. The runner-up successful bitcoin holdings among the 9 recently unveiled spot bitcoin ETFs is Fidelity’s FBTC, which present oversees 60,054.87 BTC, equating to 0.306% of the full bitcoins successful circulation.
The Ark Invest 21shares fund, ARKB, is successful possession of 15,890 BTC, portion Bitwise’s BITB has accumulated 15,053.66 BTC. Combined, ARKB and BITB’s reserves full 30,943.66 BTC, oregon 0.157% of the circulating bitcoin supply.
Furthermore, the Invesco Galaxy ETF holds 7,081 BTC, which represents 0.036% of the full supply. Vaneck’s HODL ETF is the custodian of 2,998.48 BTC, portion Valkyrie’s BRRR ETF has amassed 2,649.46 BTC.
The EZBC money by Franklin Templeton is location to 1,479 BTC, and Wisdomtree’s BTCW secures a holding of 276 BTC. Together, these 4 ETFs person a combined full of 7,402.94 BTC, oregon 0.037% of the full bitcoins presently successful circulation.
Collectively, the 9 ETFs negociate a important cache of 177,949.11 BTC, valued astatine $7.62 cardinal according to the latest BTC speech rates. These 9 ETFs relationship for 0.907% of the full BTC supply.
Including GBTC, the aggregate of each 10 ETFs amounts to 656,286.54 BTC, representing 3.345% of the 19.61 cardinal BTC that exists. As of Jan. 12, 2024, GBTC possessed 617,079.99 BTC, but arsenic of today, with its holdings reduced to 478,337.43 BTC, the spot has divested a full of 138,742.56 BTC.
This reduction, coupled with the inflows into the 9 recently established ETFs, has resulted successful 39,206.55 BTC, valued astatine $1.68 billion, being withdrawn from the marketplace and allocated to these funds. Despite the emergence of these newer funds, Grayscale’s Bitcoin Trust, which pioneered years before, remains importantly larger, holding 2.687 times much BTC reserves than the combined holdings of each 9 funds.
What bash you deliberation astir the fig of bitcoins spot ETFs amassed implicit the past fewer weeks? Share your thoughts and opinions astir this taxable successful the comments conception below.
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