9 Newly Launched Spot Bitcoin ETFs Accumulate BTC Holdings Worth Nearly $6 Billion

Current information reveals that Blackrock’s IBIT spot bitcoin exchange-traded money (ETF) presently possesses 52,025.76 bitcoin, with a full worth of $2.18 billion. Furthermore, Fidelity’s FBTC has accrued its bitcoin holdings, present lasting astatine 46,238.09 bitcoin arsenic of Jan. 29, 2024.

Blackrock Snags 52,025 Bitcoin, While Fidelity Now Holds 46,238

Several of the 9 caller spot bitcoin ETFs person amassed adjacent much bitcoin, arsenic indicated by their caller institution statements. Excluding Grayscale’s GBTC, Blackrock’s IBIT takes the pb arsenic the largest spot BTC ETF successful presumption of bitcoin holdings. On Jan. 29, the web portal displayed that the money holds 52,025.76 BTC. Fidelity has besides bolstered its FBTC holdings, rising from 43,855.14 BTC connected January 26 to the existent 46,238.09 BTC.

The third-largest spot bitcoin ETF, Ark Invest’s 21shares fund, known arsenic ARKB, holds a important 14,390 BTC. Following intimately is Bitwise ETF BITB, which present possesses 13,576.10 bitcoin, arsenic reported by onchain data. The Invesco Galaxy ETF boasts an estimated 6,833 BTC, but estimates are solely based connected the web portal’s assets nether absorption (AUM) statistics. Vaneck’s HODL ETF holds 2,885.46 BTC, portion Valkyrie’s BRRR ETF presently has 2,635.28 BTC successful its possession.

Franklin Templeton’s EZBC bitcoin reserve stands astatine 1,363 BTC, and Wisdomtree’s BTCW ETF holds a reserve of 201 BTC. When considering each 9 spot BTC ETFs, excluding GBTC, these funds collectively clasp 139,247.69 bitcoin, estimated astatine a full worth of $5.98 cardinal utilizing prevailing BTC speech rates. Meanwhile, information from GBTC’s website connected Jan. 29, 2024, indicates that Grayscale’s Bitcoin Trust holds 502,712.60 BTC, worthy an estimated $21.10 billion.

Comparing the size of the recently acquired BTC by the 9 ETFs to GBTC’s existent holdings, these combined holdings correspond 27.69% of GBTC’s existing bitcoin reserves. At present, Grayscale’s GBTC holdings are 3.53 times much invaluable than the reserves held by the 9 precocious introduced spot bitcoin ETFs.

What bash you deliberation astir the accumulation from the 9 recently introduced spot bitcoin ETFs? Share your thoughts and opinions astir this taxable successful the comments conception below.