cryptobriefing.com
Bitcoin ($BTC) exchange-traded funds (ETFs) already hold over 1 million $BTC in their wallets, according to data aggregator bold.report. As of May 23, all Bitcoin ETF’s holdings amounted to 1,057,039 $BTC, which is equivalent to nearly 5% of the crypto’s supply.
Grayscale’s GBTC leads the pack with over 291,000 $BTC under management, closely followed by BlackRock’s IBIT and their 279,500 $BTC stash. Notably, those are the numbers gathered on May 23 and have since changed. GBTC shows 293,000 $BTC at the time of writing, while IBIT amounts to 284,526 $BTC, according to on-chain data platform Arkham Intelligence.
Image: bold.report
Outside the US, the Germany-based BTCetc Bitcoin Exchange Traded Crypto (BTCE) is the Bitcoin ETF with the largest holdings, registering 22,490 $BTC under its management. Bitcoin Tracker Euro (COINXBE) and Bitcoin Tracker One (COINXBT), both Sweden-based, show 17,830 $BTC and 14,580 $BTC under management, respectively.
The seven recently launched Hong Kong Bitcoin ETFs hold 5,789 $BTC in total. Despite the initial optimism, Hong Kong crypto products haven’t captured investors’ attention yet.
HASH11, the Bitcoin ETF issued by Brazilian asset manager Hashdex, holds over 7,900 $BTC, following closely the crypto exchange-traded products from the US, Canada, and Europe. Hashdex also has a Bitcoin ETF in the US, the DEFI, although it currently holds only 185 $BTC.