As of June 7, 2024, data revealed significant amounts of Bitcoin (BTC) held by various Spot Bitcoin ETFs. These ETFs collectively hold a substantial portion of the total Bitcoin supply. This indicates strong institutional interest and participation in the cryptocurrency market. The amount flowing into ETFs is expected to rise further. Let’s take a look at the fundamental data.
Total Bitcoin Supply in ETFs
Approximately 5% of the total Bitcoin supply is currently held in these ETFs. This represents a significant accumulation, indicating confidence in Bitcoin’s value and potential as a long-term investment.
A total of 34 ETFs control over 1,000,000 BTC. This figure underscores the scale of institutional investment and highlights the critical role ETFs play in the broader Bitcoin ecosystem.
Top Bitcoin Holders
Among the top BTC holders, BlackRock Shares Bitcoin ETF (IBIT) leads with 304,995 BTC. Grayscale Bitcoin Trust (GBTC) closely follows with 284,581 BTC. Fidelity WiseOrigin Bitcoin ETF (FBTC) holds 173,739 BTC, reflecting a significant investment by a major financial institution.
These top three ETFs together hold over 763,000 BTC. Additionally, more than 76% of the total BTC held by all listed ETFs is currently in these three ETFs.
Distribution by Region
Looking at U.S.-based ETFs, they hold a total of 883,978 BTC, forming the bulk of the assets. This highlights the U.S. as a central hub for Bitcoin ETF investments.
Among significant U.S. ETFs, ARK 21Shares Bitcoin ETF (ARKB) holds 45,084 BTC, Bitwise Bitcoin ETF (BITB) holds 37,948 BTC, and VanEck Bitcoin Trust (XBTC) holds 36,580 BTC.
Current Status of Global ETFs
Globally, Canada’s Purpose Bitcoin ETF holds 26,957 BTC. Germany’s ETC Group Physical Bitcoin ETF holds 20,837 BTC, while Switzerland’s 21Shares Bitcoin ETP holds 11,138 BTC. Other significant global ETFs include CoinShares Physical Bitcoin with 14,996 BTC and WisdomTree Physical Bitcoin with 9,164 BTC.
The total amount in all ETFs is approximately $72.24 billion. This figure reflects significant financial resources dedicated to Bitcoin investment through ETFs. BlackRock‘s ETF alone holds $21.35 billion in assets, followed by Grayscale with $19.09 billion and Fidelity with $12.16 billion.
The substantial BTC holdings by major financial institutions like BlackRock, Fidelity, and Grayscale indicate strong institutional confidence in Bitcoin. This confidence could drive further adoption of Bitcoin and enhance its legitimacy as an asset class.