According to Odaily, data disclosed on platform X by Bitcoin Magazine reveals that the global Bitcoin Exchange Traded Fund (ETF) currently holds Bitcoin worth more than $70 billion. This represents 5% of the total supply of Bitcoin.
The significant value held by the Bitcoin ETF underscores the growing interest and confidence in Bitcoin as a viable investment option. The ETF's holdings, which account for a substantial portion of the total Bitcoin supply, indicate the increasing integration of Bitcoin into mainstream financial systems.
The data, however, does not provide a breakdown of the distribution of these holdings across different regions or countries. Further research and analysis would be required to understand the geographical distribution of these Bitcoin ETF holdings.
This information is crucial in understanding the global acceptance and adoption of Bitcoin. It also provides insights into the potential impact of Bitcoin ETFs on the overall cryptocurrency market.