The Bitcoin ETFs were the key driver in the Bitcoin price in the past months. In these months, the 10 US ETFs accumulated over 822,000 Bitcoins, despite the major sell-off by the Grayscale fund.
Bitcoin holdings by ETF (Image: bitcointreasuries.com)
The top ETFs now hold a staggering 4% of all the current Bitcoin supply or a total of $52 billion in value, according to the statistics from bitcointreasuries.
The biggest buyer in the past months was the IBIT fund by Blackrock, currently holding 274,000 Bitcoin.
The biggest holder still is Grayscale with 291,000 Bitcoin. This, however, could change soon as the Blackrock ETF is gaining ground quickly.
The other major funds with major inflow include Fidelity Investments with $8.1 billion and ARK 21Shares Bitcoin ETF with $2.1 billion.
World ETFs Hold will soon hold 1 million Bitcoin
The US Bitcoin ETFs are by far the largest, but they are not the only ones out there.Â
There are currently 27 Bitcoin ETFs out there. These ETFs hold an accumulative 997,000 Bitcoin a staggering 4.79% of total current supply.
