9 months ago
In the archetypal forty-eight hours pursuing the motorboat of the United States’ archetypal spot bitcoin exchange-traded funds (ETFs), information has emerged regarding the fig of bitcoins held by these funds. Currently, Blackrock stands astatine the forefront among each funds, Grayscale’s GBTC excluded, with a important holding of 11,439 bitcoin. Additionally, the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Bitwise Bitcoin Trust (BITB) besides person important bitcoin reserves.
Unpacking the Holdings: A Glimpse Into Emerging Spot Bitcoin ETFs
Recently, the U.S. Securities and Exchange Commission (SEC) authorized 11 spot bitcoin ETFs for the inaugural time. Among these, a money operated by integer currency manager Hashdex isn’t a spot BTC ETF currently. On Jan. 11, Hashdex clarified successful a nationalist announcement that their offering is presently a futures product, with plans to germinate into a spot BTC ETF. This implies that, astatine this stage, the money does not see bitcoin successful its portfolio.
On Saturday, Bitcoin.com News highlighted Blackrock’s presumption boasting ownership of 11,439 BTC. Among the funds approved by the SEC, Blackrock’s reserves are the astir substantial, 2nd lone to Grayscale’s GBTC, which presently possesses 617,079 BTC arsenic of Jan. 13, 2024. This indicates that Blackrock’s precocious amassed BTC represents 1.85% of Grayscale’s extended holdings.
Data from the Bitwise ETF reveals that the fund’s nett assets nether absorption (AUM) magnitude to $242,940,653. According to insights provided by bitcointreasuries.net idiosyncratic @girevik, dividing the AUM by the cfbenchmarks notation price noted connected the preceding Thursday and Friday indicates that Bitwise is apt successful possession of 5,550 BTC. Nevertheless, the circumstantial quantity of BTC is not officially elaborate connected the Bitwise web portal, which lone displays the AUM successful U.S. dollars.
Trailing conscionable down Bitwise is the Fidelity Wise Origin Bitcoin Fund (FBTC), which, arsenic of the latest update connected Jan. 12, 2024, is successful possession of 5,290 BTC. Vaneck’s spot bitcoin ETF, named HODL, transparently displays its BTC holdings, revealing that the steadfast owns 1,640.92 BTC. Another player, Franklin Templeton’s ETF labeled EZBC, besides maintains a bitcoin reserve. Its web portal indicates that arsenic of Friday, the money has 1,131 BTC.
Furthermore, the ARK 21shares Bitcoin ETF (ARKB) website reveals that the money possesses an estimated 1,625 BTC, which corresponds to an AUM of $75,833,696. Valkyrie, precocious acquired by Coinshares, has 1,102.87 BTC, arsenic indicated connected the BRRR fund’s website. However, the Invesco Galaxy ETF, known arsenic BTCO, presently does not showcase its BTC holdings connected its website, arsenic the “holdings” page awaits an update. Similarly, Wisdomtree and its BTCW money person yet to display a afloat BTC number of holdings connected their website.
Among each the aforementioned funds, including Blackrock’s holdings, the ETFs collectively person astir 26,152 BTC successful their possession, which translates to a worth of $1.11 cardinal astatine the existent BTC speech rates. This amount, though significant, is comparatively humble erstwhile compared to Grayscale’s immense reserve of 617,079 BTC, comprising conscionable 4.23% of GBTC’s full holdings. Furthermore, different non-U.S. exchange-traded products (ETPs) surpass the recently introduced spot bitcoin ETFs successful bitcoin holdings. For example, Bitwise’s BITW money holds 11,003 BTC.
In the planetary arena, Canada’s Purpose ETF boasts a holding of 34,007 BTC, portion the ETC Physical Bitcoin money connected the Xetra trading level secures 26,858 BTC. Coinshare’s fund, XBT.ST, traded connected the Nasdaq Stockholm banal exchange, maintains 18,783 BTC. Additionally, arsenic of January 14, 2024, Grayscale’s Digital Large Cap money holds 6,391 BTC.
What bash you deliberation astir the assets held by the recently introduced spot bitcoin ETFs? Share your thoughts and opinions astir this taxable successful the comments conception below.
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