Total Bitcoin New Spot ETFs Exceed Microstrategy
Total spot bitcoin ETFs, excluding the Grayscale Trust, added about 5,000 more coins to their holdings on Wednesday. With the increase, these funds now hold more than 19,2000 bitcoins, which is about 200 coins more than Microstrategy's holdings. The ETFs have been on the market for about a month, but inflows into them topped $1 billion on Wednesday, according to Bloomberg Intelligence data. Grayscale Bitcoin Trust also started with about 630,000 bitcoins as a spot ETF and now has just over 470,000 bitcoins.
