Bitcoin ETF

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Grayscale Bitcoin Trust

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has surpassed 500,000 BTC in holdings as more investors seek exposure to the asset.
On Dec. 2, the iShares Bitcoin Trust (IBIT) ETF’s Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) holdings reached 500,380, worth around $48 billion at current market prices.&nbsp;
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 <img alt="BlackRock’s Bitcoin ETF tops 500K BTC holdings worth $48B" src="https://s3.cointelegraph.com/uploads/2024-12/01938cbc-a012-790b-8f42-7e989594619a" title="">
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 iShares Bitcoin Trust ETF holdings data. Source: iShares
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According to BlackRock, the ETF allows investors to access Bitcoin with an exchange-traded product (ETP), removing the “operational, tax, and custody complexities of holding Bitcoin directly.”
<h2 id="bitcoin-etfs-close-in-on-satoshi-s-btc-holdings">Bitcoin ETFs close in on Satoshi’s BTC holdings&nbsp;</h2>
BlackRock’s IBIT ETF has become the most actively traded spot Bitcoin ETF since its launch, now holding 2.38% of Bitcoin’s total capped supply of 21 million.
<figure>
 <img alt="BlackRock’s Bitcoin ETF tops 500K BTC holdings worth $48B" src="https://s3.cointelegraph.com/uploads/2024-12/01938cbc-3cb0-76ac-82a9-fb06700f2a4e" title="">
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 Spot Bitcoin ETF inflows and net assets. Source: SoSoValue
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Data from ETF tracker SoSoValue also showed that apart from the Grayscale Bitcoin Trust (GBTC), all the other spot Bitcoin ETFs had positive cumulative inflows as of Dec. 2.&nbsp;
Data from ETF tracker SoSoValue reveals consistent inflows across spot Bitcoin ETFs, excluding the Grayscale Bitcoin Trust (GBTC). Collectively, Bitcoin held by ETFs is nearing the 1.1 million BTC <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/value-of-legacy-hunting-down-satoshi-bitcoin/" rel="" target="_self" text="null" title="https://cointelegraph.com/magazine/value-of-legacy-hunting-down-satoshi-bitcoin/">attributed to the cryptocurrency’s pseudonymous creator</a>, Satoshi Nakamoto.
<figure>
 <img alt="BlackRock’s Bitcoin ETF tops 500K BTC holdings worth $48B" src="https://s3.cointelegraph.com/uploads/2024-12/01938cbb-88d6-76ce-8a6b-655ae56b81ab" title="">
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 Source: <a data-ct-non-breakable="null" href="https://x.com/CarlBMenger/status/1863913354533703710" rel="null" target="null" text="null" title="https://x.com/CarlBMenger/status/1863913354533703710">Carl B Menger</a>
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Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-government-selling-bitcoin-coinbase-huge-strategic-mistake" rel="null" target="null" text="null" title="null">US government selling Bitcoin is a ‘huge strategic mistake,’ say observers</a>
<h2 id="blackrock-etf-s-bitcoin-surpasses-microstrategy-holdings">BlackRock ETF’s Bitcoin surpasses MicroStrategy holdings</h2>
The IBIT ETF’s Bitcoin holdings now exceed those of MicroStrategy, the largest corporate Bitcoin holder. BitcoinTreasuries data <a data-ct-non-breakable="null" href="https://bitcointreasuries.net/" rel="null" target="null" text="null" title="null">shows</a> that MicroStrategy remains the largest corporate Bitcoin holder.&nbsp;
In a Dec. 2 filing, MicroStrategy revealed that the company had sold 3.7 million shares of its Class A common stock and used almost $1.5 billion in proceeds to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/microstrategy-purchased-1-5-billion-in-btc" rel="null" target="null" text="null" title="null">purchase 15,400 BTC</a>. This follows a previous <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/microstrategy-expands-bitcoin-holdings-5-4b-purchase" rel="null" target="null" text="null" title="null">$5.4 billion Bitcoin purchase</a> and brings its total Bitcoin to 402,100.&nbsp;
Apart from MicroStrategy, crypto miner MARA Holdings also recently <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/mara-holdings-acquires-600-million-of-bitcoin" rel="null" target="null" text="null" title="null">added more BTC to its holdings</a>. In a filing on Dec. 2, the company said it purchased 6,484 Bitcoin between Oct. 1 and Nov. 30. The firm bought the coins for $618.3 million at an average price of $95,352 per coin. 
BitcoinTreasuries data shows that MARA Holdings is the second-largest corporate Bitcoin holder, with 34,794 BTC.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoins-100k-taxman-btc-commodity-china-vitalik-moo-deng-asia-express/" rel="null" target="null" text="null" title="null">Bitcoin’s $100K push wakes taxman, Vitalik visits real Moo Deng: Asia Express</a>

BlackRock’s Bitcoin ETF tops 500K BTC holdings worth $48B

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