CDS Crypto News Global Bitcoin ETFs Surpass 1 Million BTC Holdings, Worth Nearly $68 Billion
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Global Bitcoin ETFs Surpass 1 Million BTC Holdings, Worth Nearly $68 Billion

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Global Bitcoin ETFs Surpass 1 Million BTC Holdings, Worth Nearly $68 Billion

Global Bitcoin ETFs Surpass 1 Million BTC Holdings, Worth Nearly $68 Billion

The combined total of Bitcoin held by all ETFs worldwide has now surpassed 1 million coins, currently valued at nearly $68 billion.

Bitcoin exchange-traded products (ETPs), which are investment vehicles designed to track the price or provide exposure to BTC, have globally amassed over 1 million Bitcoin holdings.

Since the introduction of spot Bitcoin ETFs in the United States in mid-January, these 11 ETFs have collectively absorbed 855,619 Bitcoin, averaging an acquisition rate of 6,200 BTC per day.

Data from HODL15Capital reveals that an additional 21 Bitcoin ETPs offered in countries such as Canada, Germany, and Brazil have pushed the global total to 1,002,343 BTC, worth an estimated $68 billion.

This amount represents 5.08% of the current circulating supply, which stands at 19,704,484 coins, according to CoinGecko.

Global Bitcoin ETFs Surpass 1 Million BTC Holdings, Worth Nearly $68 Billion
Global Bitcoin ETFs Surpass 1 Million BTC Holdings, Worth Nearly $68 Billion 1

Grayscale’s GBTC remains the largest fund holding Bitcoin, with 289,040 coins valued at approximately $19.9 billion. However, BlackRock’s iShares Bitcoin Trust (IBIT) is quickly closing the gap, holding 287,168 BTC worth around $19.8 billion. IBIT is poised to overtake GBTC if current inflow trends continue and GBTC’s outflows persist.

Since GBTC was converted into a spot ETF in mid-January, Grayscale has seen a significant reduction in its holdings, shedding around 330,960 BTC, which is 53% of its previous total.

In a recent post on X dated May 28, HODL15Capital raised concerns about whether these ETFs are impacting the growth of Bitcoin held in self-custody.

A chart depicting BTC distribution across various addresses by amount indicates no growth in self-custody holdings from 2023 to 2024. Notably, there was also no growth observed between 2017 and 2018.

Global Bitcoin ETFs Surpass 1 Million BTC Holdings, Worth Nearly $68 Billion
Global Bitcoin ETFs Surpass 1 Million BTC Holdings, Worth Nearly $68 Billion 2

According to LookIntoBitcoin, only 1 million addresses hold 1 BTC or more.

Global Bitcoin ETFs Surpass 1 Million BTC Holdings, Worth Nearly $68 Billion
Global Bitcoin ETFs Surpass 1 Million BTC Holdings, Worth Nearly $68 Billion 3

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