U.S. ETF holdings stood at 855,619 Bitcoins, indicating strong investor confidence. A total of 1,057,039 Bitcoins, with Grayscale’s GBTC and BlackRock’s IBIT holding the highest holdings. In addition to the United States, Germany’s BTCE and seven new ETFs in Hong Kong also hold large amounts of Bitcoin. ETF stability and growth reflect investor confidence and drive trading volume and interest. The Bitcoin ETF has a growing influence on the cryptocurrency market, returning 57% so far this year, beating the S&P 500.
simply put
The Bitcoin ETF currently holds over 1 million Bitcoins, accounting for nearly 5% of the total Bitcoin supply.
Grayscale and BlackRock are leading Bitcoin ETF holders with large holdings of Bitcoin.
The U.S. Bitcoin ETF dominates the market with holdings of 855,619 Bitcoins, demonstrating strong investor confidence.
The Bitcoin exchange-traded fund (ETF) has reached a major milestone. They currently hold over 1 million Bitcoins, accounting for nearly 5% of the total Bitcoin supply.
Grayscale and BlackRock, which have significant Bitcoin holdings, are leading the charge, underscoring growing institutional interest in cryptocurrency investments.
Bitcoin ETF Holds Over 1 Million Bitcoins
As of May 23, ETF holdings totaled 1,057,039 Bitcoins. Grayscale’s GBTC leads the way with over 291,000 BTC, followed by BlackRock’s IBIT with 279,500 BTC. The latest data from Arkham Intelligence shows an increase: GBTC now holds 293,000 BTC, while IBIT holds 284,526 BTC.
Source: BOLD reports total amount of Bitcoin held by ETFs
Outside the United States, Germany-based Bitcoin Exchange Traded Crypto (BTCE) is the largest holder, holding 22,490 bitcoins. The Swedish ETFs, Bitcoin Tracker Euro (COINXBE) and Bitcoin Tracker One (COINXBT) manage 17,830 Bitcoins and 14,580 Bitcoins respectively. Seven new Bitcoin ETFs launched in Hong Kong hold a total of 5,789 Bitcoins, although investors still have to pay interest.
Hashdex, a major player in the ETF market, holds over 7,900 Bitcoin through its HASH11 fund in Brazil. The company’s Bitcoin ETF DEFI holds 185 Bitcoins and its reach extends into the United States.
U.S. ETFs dominate the market
The data clearly shows that U.S. ETF issuers lag far behind asset managers in other countries. Prominent Bitcoin advocate Michael Saylor highlighted these holdings. On May 24, U.S. ETFs held 855,619 Bitcoins, while global ETFs held 1,002,343 Bitcoins.
He said: "32 Bitcoin spot ETFs currently hold approximately 1 Bitcoin held by Satoshi Nakamoto. "
U.S. ETF Asset Management data shows that Grayscale remains dominant despite a slight decline in market share. BlackRock and Fidelity maintain stable market share. Other players such as WisdomTree, Franklin Templeton, Valkyrie, VanEck, Invesco, Bitwise and 21Shares have small and slightly changing market shares.
Source: Dune Analytics Bitcoin ETF Onchain Holdings
The stability and growth of an ETF is not only an indicator of investor confidence but also a driver of trading volume. The launch of the spot Bitcoin ETF led to a surge in trading volume in the U.S. market, accounting for 46% of cumulative trading volume from January to April, according to Kaiko Research. The trend continued, with ETF net flows hitting their highest level in 10 weeks.
Bitcoin price is hovering near the psychological $70,000 mark. From January to April 2024, Bitcoin has returned 57% year-to-date, beating the S&P 500. The data highlights the growing influence of Bitcoin ETFs on the cryptocurrency market, demonstrating the role they play in driving trading volume and investor interest.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
This article is reprinted with permission from: "MarsBit"
原文作者：Shota Oba、Daria Krasnova, Beincrypto
Compiled by: Lynn, Mars Finance
