Bitcoin ETF Issuers Control 5% Of Total BTC Supply

Recent reports reveal that Bitcoin Spot ETF issuers now control around 5% of the total BTC supply.

These conditions highlight the rising demand and adoption of BTC Spot ETFs in the market, offering institutional investors a relatively low-risk portfolio allocation for acquiring BTC.

Analysts in the market predict that an increase in BTC accumulation by ETF issuers and demand from institutional investors could drive a potential increase in BTC prices and start a bull run.

Data from Dune Analytics, reveals that the total on-chain holdings or Bitcoin holdings on blockchain owned by BTC Spot ETF issuers in the United States reached around 842,000 BTC, with a value of around $57.8 billion.

Specifically, US Bitcoin ETFs hold 4.27% of the current BTC supply, while global BTC ETF issuers overall hold approximately 1,002,343 BTC according to data by MicroStrategy Founder and Former CEO, Michael Saylor.

Saylor revealed that the 32 Bitcoin Spot ETFs now collectively hold around one million BTC which is a new milestone for the financial industry.

Interestingly, global ETF holdings are currently five times larger than Saylor's BTC assets of 214,400 BTC, with a value of $15 billion.

Most BTC Spot ETFs held in the US are controlled by leading asset management firms such as BlackRock, Grayscale, and Fidelity Investments.

A report from Arkham Investments, shows that Grayscale and BlackRock are among the largest ETF holders in the world.

Grayscale Bitcoin Trust (GBTC) holds about 288,084 BTC while BlackRock iShares Bitcoin Trust (IBIT) holds 284,027 BTC.

Other Spot Bitcoin ETF issuers holding BTC include Fidelity Wise Origin Bitcoin BTC (FBTC) with 154,370 BTC, Active Bitcoin Futures Strategy ETF (ARKA) with 48,444 BTC, and Bitwise Bitcoin ETF (BITB) with 36,092 BTC.

Overall, the data shows that Americans are still the largest owners of BTC ETFs.