ETFs
Bitcoin ETFs now hold over 1 million BTC worldwide
8:38 a.m. ▪ 3 min read ▪ by Ariela R.
Bitcoin ETFs have just reached a historic milestone. Their collective assets now exceed one million BTC. This represents an astronomical value of almost $68 billion.
Bitcoin ETFs currently hold over 1 million BTC
Mass Adoption of Bitcoin ETFs
The Bitcoin ETF industry is growing rapidly. Since the much anticipated launch of the first spot Bitcoin ETFs in the United States last January, these products have continued to attract investments. In just a few months, the 11 US Bitcoin ETFs have accumulated over 855,619 BTC. This represents 6,200 BTC per day.
That’s not all! Globally, 21 other products are added to this impressive accumulation. They are offered:
- in Canada,
- in Germany,
- in Brazil,
- somewhere else,
In total, Bitcoin ETFs now hold the colossal sum of 1,002,343 BTC. This represents 5.08% of the total circulating supply of Bitcoin. A figure this demonstrates the massive adoption of these products by investors, attracted by the ease of access to Bitcoin.
The heavyweights of Bitcoin ETFs
Among Bitcoin ETFs, two giants clearly stand out. THE GBTCpioneer in the field, remains the largest holder with 289,040 BTC in its portfolio, valued at almost $20 billion. It is closely followed by the I BITE from the famous management company BlackRock, which holds 287,168 BTC, or approximately $19.8 billion.
In fact, the latter could surpass GBTC as early as this week if current trends continue. Indeed, Grayscale lost around 53% of its Bitcoin holdings since its product was converted to a spot ETF in January. However, the collection remains stable on the BlackRock side.
The mass adoption of Bitcoin ETFs reflects growing investor interest in this digital asset class. With more than a million BTC Held collectively, these products enable unprecedented exposure to Bitcoin. They contribute to accelerating its large-scale institutionalization.
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Ariela R.
My name is Ariela and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago. But it’s a universe that interests me a lot. And the topics covered within the platform allow me to learn more. A singer in my spare time, I also have a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.