Bitcoin ETFs Now Hold More Than 1 Million BTC.

The number of BTC held by ETFs, which have the largest share in Bitcoin's price increase this year, continues to increase non-stop. While ETFs held more than 1 million BTC globally, the USA ranked first with 855 thousand units.

When ETFs in many countries such as Brazil, Hong Kong, Canada and Germany are added to this figure, the number exceeds 1 million units.

The ETF that holds the most #BTC outside the USA is located in Germany. The BTCE fund in Germany holds 22,490 BTC, followed by two funds in Sweden. COINXBE has 17 thousand 830 BTC, and COINXBT has 14 thousand 580 BTC. On the other hand, Bitcoin ETFs in Hong Kong, which were recently opened for trading, hold 5789 Bitcoins.

While Hashdex, the largest player in Brazil, holds 7900 BTC in this country, this figure is 189 for the #Bitcoin ETF in the USA.

While the fact that the USA is the largest economy in the world is clearly reflected in ETFs, the largest funds here are Grayscale, BlackRock and Fidelity, respectively.

The effect of US #ETFs is also reflected in the transaction volumes in Bitcoin... When the US markets open, the transaction volume in Bitcoin funds also increases. From January to April, volume in US-Bitcoin ETFs accounted for 46% of cumulative volume, or nearly half, according to Kaiko Research.

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