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The latest statistics on bitcoin reserves from the nine new spot bitcoin exchange-traded funds (ETFs) reveal they currently possess 453,503.98 bitcoins, valued at approximately $30.29 billion based on the current exchange rates.
The 9 New ETFs Hold Nearly a Half Million Bitcoin
Since their inception on Jan. 11, 2024, these nine spot bitcoin ETFs have rapidly accumulated a significant amount of bitcoin ($BTC), with projections indicating they will soon surpass the half-million mark. As of March 17, 2024, their collective holdings amount to 453,503.98 $BTC, valued at $30.29 billion. Leading the pack is Blackrock’s IBIT, with a massive holding of 228,612.98 $BTC, valued at $15.27 billion, representing 50.41% of the total 453,503.98 $BTC held.
Trailing behind Blackrock, Fidelity’s FBTC fund now secures 132,571.08 $BTC, worth approximately $8.85 billion. FBTC’s reserves make up 29.23% of the total bitcoin reserves among the nine ETFs. Ark Invest’s ARKB currently possesses 39,789 $BTC, with a market value of $2.65 billion, while Bitwise’s BITB has 29,267 $BTC, estimated to be worth around $1.95 billion. Recent developments have seen Vaneck’s and Valkyrie’s holdings surpass those of Invesco’s. Vaneck’s HODL is at 7,438.19 $BTC, and Valkyrie’s BRRR stands at 6,343.69 $BTC.
In contrast, Invesco’s BTCO fund holds 5,098 $BTC, valued at just over $340 million, and Franklin Templeton’s EZBC fund owns 3,306 $BTC. Wisdomtree’s BTCW fund is at 1,078.04 $BTC as of the latest figures. These combined reserves now exceed those of Grayscale’s Bitcoin Trust (GBTC), which holds 380,240.68 $BTC, worth $25.4 billion, marking a notable decrease following its transition to a spot $BTC ETF.
From Jan. 12, 2024, when GBTC held 617,079.99 $BTC, it has seen a reduction of 236,839.31 $BTC over 65 days, a devaluation of about $15.82 billion. While GBTC remains the largest $BTC ETF in terms of reserves, IBIT is rapidly gaining ground, with its reserves now surpassing 60% of GBTC’s holdings.
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