According to basically the most as a lot as date recordsdata peaceable on Aug. 16, 2024, the 12 space bitcoin alternate-traded funds (ETFs) collectively care for around 910,153.83 BTC, which interprets to over $fifty three billion at basically the most as a lot as date alternate rates. Main the pack is Blackrock’s IBIT, keeping the superb share with 38.34% of the total BTC.
12 Space Bitcoin ETFs Finish in on Holding 1 Million BTC
The 12 U.S. bitcoin ETFs have scooped up a colossal share of the circulating BTC, provocative many of of hundreds of coins since Jan. 11, 2024. It’s unheard of that Grayscale’s GBTC had already amassed a principal amount of BTC sooner than evolving into a publicly traded ETF. The day after its public debut, Grayscale’s GBTC held 617,079.ninety nine BTC. Nonetheless, it has since skilled an outflow exceeding $19.6 billion, lowering its most as a lot as date BTC holdings to 230,430.14 as of Aug. 16. No topic this decrease, GBTC remains a principal player, controlling 25.32% of the 910,153.83 BTC managed by the 12 funds.
The heavyweight within the realm of space 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 leisurely IBIT and GBTC, keeping 176,972.81 BTC as per the Aug. 16 recordsdata. FBTC’s share represents 19.44% of the BTC held by the 12 funds. Ark Invest’s and 21shares’ ARKB fund, which has amassed 46,406 BTC since its beginning, stands as the fourth-superb 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, whereas Grayscale’s Mini Bitcoin Belief 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, whereas Franklin Templeton’s EZBC secures 6,525 BTC, with these two funds representing 0.86% and nil.72%, respectively.
Wisdomtree’s BTCW holds 3,493.77 BTC, contributing 0.38% of the total cache among the many 12 funds. Lastly, Hashdex’s fund DEFI has the smallest bitcoin keeping of the community, with shining 178.3 BTC, or 0.02%. As of block high 857,408, the BTC money provide or total amount of BTC in circulation is 19.741 million and the 910,153.83 BTC equates to 4.61% of the circulating provide.
