Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/institutions-hold-significant-bitcoin-in-etfs/" data-wpel-link="internal">Institutions Hold Significant Bitcoin in ETFs</a><br></p>
<p style="text-align: justify">As of June 7, 2024, <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> revealed significant amounts of Bitcoin (BTC) held by various <strong>Spot Bitcoin ETFs</strong>. These ETFs collectively hold a substantial portion of the total Bitcoin supply. This indicates strong institutional interest and participation in the <a href="https://en.coin-turk.com/the-importance-of-crypto-exchanges-to-the-global-economy-project-atlas/" data-wpel-link="internal">cryptocurrency market</a>. The amount flowing into ETFs is expected to rise further. Let’s take a look at the fundamental data.</p> 
<h2 style="text-align: justify" id="total-bitcoin-supply-in-etfs">Total Bitcoin Supply in ETFs</h2> 
<p style="text-align: justify">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.</p> 
<p style="text-align: justify">A total of 34 ETFs control over 1,000,000 <strong>BTC</strong>. This figure underscores the scale of institutional investment and highlights the critical role ETFs play in the broader Bitcoin ecosystem.</p> 
<h2 style="text-align: justify" id="top-bitcoin-holders">Top Bitcoin Holders</h2> 
<p style="text-align: justify">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. <strong>Fidelity</strong> WiseOrigin Bitcoin ETF (FBTC) holds 173,739 BTC, reflecting a significant investment by a major financial institution.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-360761 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/btc-bitcoin-etf.jpg" alt="" width="1200" height="668"></p> 
<p style="text-align: justify">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.</p> 
<h2 style="text-align: justify" id="distribution-by-region">Distribution by Region</h2> 
<p style="text-align: justify">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 <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investments</a>.</p> 
<p style="text-align: justify">Among significant U.S. ETFs, ARK 21Shares Bitcoin ETF (ARKB) holds 45,084 BTC, Bitwise Bitcoin ETF (BITB) holds 37,948 BTC, and <strong>VanEck</strong> Bitcoin Trust (XBTC) holds 36,580 BTC.</p> 
<h2 style="text-align: justify" id="current-status-of-global-etfs">Current Status of Global ETFs</h2> 
<p style="text-align: justify">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 <strong>WisdomTree</strong> Physical Bitcoin with 9,164 BTC.</p> 
<p style="text-align: justify">The total amount in all ETFs is approximately $72.24 billion. This figure reflects significant financial resources dedicated to Bitcoin investment through ETFs. <strong>BlackRock</strong>‘s ETF alone holds $21.35 billion in assets, followed by Grayscale with $19.09 billion and Fidelity with $12.16 billion.</p> 
<p style="text-align: justify">The substantial BTC holdings by major financial institutions like BlackRock, Fidelity, and <strong>Grayscale</strong> indicate strong institutional confidence in Bitcoin. This confidence could drive further adoption of Bitcoin and enhance its legitimacy as an asset class.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/institutions-hold-significant-bitcoin-in-etfs/" data-wpel-link="internal">Institutions Hold Significant Bitcoin in ETFs</a></h5>

Institutions Hold Significant Bitcoin in ETFs

Table of Contents

COINTURK NEWS

Other articles published on Jun 10, 2024

Economist Predicts Major Altcoin Surge Before Recession: 'Altseason Will Send Alts Flying'

Beyond Doge: Memecoins Gain Legitimacy as Crypto Market Eyes New Highs

June Market Insights: Will BEFE See a Rally?

Fed to Announce Interest Rate Decision Amid Key Inflation Data

MATIC Experiences Significant Price Drop

Solana Foundation Removes Validators Involved in Sandwich Attacks

Join our free newsletter for daily crypto updates!