ETFs
Global Bitcoin ETFs Surpass One Million BTC Under Management
Global ETFs
According to Report in bold data, everything Bitcoin Exchange Traded Funds (ETFs) collectively hold over a million Bitcoins, a milestone first reached on March 12. These ETFs are distributed in several countries, including the United States, Sweden, Hong Kong, Germany, Switzerland, Canada, Brazil and Australia. US-based ETFs lead the pack, with Grayscale GBTC holding around 292,000 BTC, followed by BlackRock IBIT with around 280,000 BTC and Fidelity FBTC with 162,000 BTC. These three giants together hold around 734,000 BTC.
Bitcoin held by ETFs: (Source: Bold.report)
American ETFs
Other side data shows that May 24 marked another strong day for U.S. Bitcoin ETFs, with inflows reaching $251.9 million. This continues a streak of ten consecutive trading days of positive inflows into US Bitcoin ETFs. BlackRock IBIT leads the pack with an inflow of $182.1 million, bringing its total net inflow to $16.4 billion. Fidelity FBTC followed with an inflow of $43.7 million, bringing its total net inflow to $8.7 billion. VanEck HODL also saw significant activity, seeing an inflow of $15.6 million, which brought its total net inflow to $525.3 million. Grayscale GBTC reported no inflows or outflows, maintaining a net outflow of $17.6 billion.
Overall, total net inflows into U.S. Bitcoin ETFs have now reached $13.7 billion, according to Farside data.
Disclaimer: The opinions of our editors are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be considered investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please conduct due diligence before taking any action related to the content of this article. Finally, CryptoSlate takes no responsibility if you lose money while trading cryptocurrencies.