ETFs

Bitcoin ETFs hold over 1 million BTC, almost 5% of the total supply.

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Bitcoin (BTC) exchange-traded funds (ETFs) already hold over 1 million BTC in their portfolios, according to to the bold.report data aggregator. As of May 23, all Bitcoin ETF holdings amounted to 1,057,039 BTC, which equates to almost 5% of the crypto supply.

Grayscale’s GBTC leads the pack with over 291,000 BTC under management, followed closely by BlackRock’s IBIT and its reserve of 279,500 BTC. These include figures collected on May 23 that have changed since then. GBTC watch 293,000 BTC at the time of writing, while IBIT the amounts at 284,526 BTC, according to on-chain data platform Arkham Intelligence.

Image: bold.report

Outside of the United States, the Germany-based BTCetc Bitcoin Exchange Traded Crypto (BTCE) is the Bitcoin ETF with the largest holdings, registering 22,490 BTC under its management. Bitcoin Tracker Euro (COINXBE) and Bitcoin Tracker One (COINXBT), both based in Sweden, have 17,830 BTC and 14,580 BTC under management, respectively.

The seven recently launched Hong Kong Bitcoin ETFs hold a total of 5,789 BTC. Despite initial optimism, Hong Kong crypto products have yet to attract investor attention.

HASH11, the Bitcoin ETF issued by Brazilian asset manager Hashdex, holds more than 7,900 BTC, closely tracking exchange-traded crypto products in the United States, Canada and Europe. Hashdex also has a US Bitcoin ETF, DEFI, although it currently only holds 185 BTC.

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