The Big Accumulation
Hold onto your hats, because the numbers are about to blow your mind. These 10 US spot bitcoin ETFs have pulled off something extraordinary, gathering a jaw-dropping 548,556 BTC. Yup, you heard that right – that’s a mind-boggling $36.71 billion worth of bitcoin, all in just 128 days. Talk about a crypto gold rush!
Blackrock’s IBIT Takes the Lead Among New Bitcoin ETFs
Now, among this wild bunch of fresh ETFs, one name shines brighter than the rest – Blackrock’s IBIT. Since its grand entrance, IBIT has snagged a whopping 276,190.03 BTC, establishing itself as a major player in the ever-expanding crypto investment arena. It’s like the heavyweight champ of the crypto world, flexing its muscles and showing everyone who’s boss.
GBTC Makes a Splash in the Public Market
But wait, there’s more. Grayscale’s GBTC has been making waves too. Transitioning from the exclusive OTC market to a publicly traded fund, GBTC has solidified its spot in the market. Currently holding a hefty 288,954.39 BTC, GBTC is the go-to choice for institutional investors looking to dip their toes into the bitcoin waters.
Breaking Down the BTC Holdings by ETFs
Let’s take a closer look at who’s holding what in the crypto treasure trove. Leading the pack is Blackrock’s IBIT, with its massive stash of bitcoin. Right behind it is Fidelity’s FBTC, boasting an impressive 156,772.30 BTC. Ark Invest’s ARKB and 21share’s ARKB team up to hold 47,230 BTC, while Bitwise’s BITB controls 35,749.04 BTC.
Even the underdogs are holding their ground. Vaneck’s HODL might not be leading the charge, but it’s still got a respectable 9,587.63 BTC under its belt. And let’s not forget about the other players in the game – Valkyrie’s BRRR, Invesco Galaxy’s BTCO, Franklin Templeton’s EZBC, and Wisdomtree’s BTCW, all adding to the growing pile of institutional bitcoin ownership.
Putting US Spot Bitcoin ETFs on the Global Stage
Now, let’s zoom out for a moment and see how these US spot bitcoin ETFs stack up against the rest of the world. Together, these 11 funds, including GBTC, hold a whopping 837,511.01 BTC, totaling $56.05 billion. That’s a hefty 4.25% of the current circulating supply of 19.7 million BTC. Talk about making a splash on the global stage!
But hey, let’s not forget about our friends across the pond. Over in Hong Kong, they’re jumping on the ETF bandwagon too. Their international counterparts have snagged a cool 4,063.6 BTC, showing that the appetite for cryptocurrency investment knows no bounds.
Final Thoughts
The wild ride of US spot bitcoin ETFs. In just over four months, they’ve shaken up the crypto world, amassing a jaw-dropping amount of bitcoin and proving that the digital asset revolution is in full swing. Hold onto your hats, because who knows what twists and turns lie ahead in this thrilling crypto adventure!
Why MetisDAO METIS Coin Price Increase: Unveiling Key Factors
Why Oraichain ORAI Coin Price Increase: Reasons, Key Factors
Adventure Gold AGLD Coin Price Increase: Unraveling Key Factors
Disclaimer: The information provided by CryptopianNews is for educational and informational purposes only. It should not be considered financial or investment advice. Cryptocurrency markets are highly volatile and speculative, and investing in them carries inherent risks. Readers are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
Doc A is knowledgeable in content writing and freelancing in the field of cryptocurrency where there is so much changing at every exigent moment. Able to think strategically and analyze complex systems, Doc A is a masterful writer who can provide important information and analysis to help people navigate the world of crypto investments.