Bitcoin ETFs hold more than one million BTC, or nearly 5% of the total supply. Darren MacConluain

ByDarren MacConluainParis, May 27, 2024 at 21:10

Bitcoin ETFs hold more than one million BTC, or nearly 5% of the total supply.

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Exchange-traded funds (ETFs) Bitcoin (BTC) already hold more than one million BTC in their portfolios, according to the data aggregator bold.report. As of May 23, all Bitcoin ETF assets amounted to 1,057,039 BTC, which is equivalent to nearly 5% of the crypto supply.

Grayscale’s GBTC is leading the pack with more than 291,000 BTC under management, closely followed by BlackRock’s IBIT and its reserve of 279,500 BTC. These include the figures collected on May 23 and which have changed since then. GBTC has 293,000 BTC at the time of writing, while the IBIT is 284,526 BTC, according to the Arkham Intelligence chain data platform.

Outside the United States, the BTCetc Bitcoin Exchange Traded Crypto (BTCE), based in Germany, is the Bitcoin ETF with the largest assets, registering 22,490 BTC under its management. Bitcoin Tracker Euro (COINXBE) and Bitcoin Tracker One (COINXBT), both based in Sweden, have 17,830 BTC and 14,580 BTC under management respectively.

The seven recently launched Hong Kong Bitcoin ETFs hold a total of 5,789 BTC. Despite the initial optimism, Hong Kong’s cryptographic products have not yet attracted the attention of investors.#ETHETFsApproved #Pioneers👫great#BinanceSquareFamily #altcoins