Blackrock, Grayscale, Fidelity: Dominating 85% of U.S. Bitcoin ETF Reserves đ„
In less than a year since the launch of U.S. spot Bitcoin #ETFs , these funds have collectively amassed over 1.13 million BTC. Blackrock, Grayscale, and Fidelity lead the pack, controlling more than 85% of the total holdings. #BlackRockâ© âs IBIT dominates with 553,055 BTC, followed by Grayscaleâs GBTC with 207,100 BTC, and Fidelityâs FBTC with 203,194 BTC.
The trioâs dominance underscores a consolidation trend in the ETF space and reflects the growing institutional adoption of Bitcoin. Smaller players like Ark Invest and Bitwise contribute significantly but trail far behind the leaders. This historic milestone signals a major shift in cryptocurrency investment, highlighting the influence of traditional financial powerhouses on the evolving Bitcoin ETF market.
This is bullish!
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