It's been nearly two weeks since the Bitcoin Spot ETF products were approved, and the amount of Bitcoin (BTC) held by ETF holders appears to be quite high.
- Fidelity holds 31,976 BTC worth $1,329,331,948.70.
- BlackRock owns 33,430 BTC worth $1,302,220,918.76.
- Bitwise holds 11,188 BTC worth $445,738,100.59.
- Franklin Templeton owns 1,276 BTC worth $48,574,389.01.
- Grayscale owns 558,280 BTC worth $28,386,046,671.59.
According to data as of Monday, 10 Bitcoin ETFs have recorded a total of $1.1 billion in net inflows so far this month. This includes the impact of Grayscale's Bitcoin Trust, which has seen outflows of around $3.5 billion so far as investors dump long-held stocks.
“GBTC outflows have introduced a dynamic that needs to normalize in the market before we see true price discovery,” said Leah Wald, CEO of digital asset investment firm Valkyrie Investments.
Bitcoin has surged nearly 160% in the past year, outperforming traditional assets like stocks amid speculation that ETFs will drive broader adoption of cryptocurrencies by institutional and individual investors.
*This is not investment advice.