Bitcoin exchange-traded products (ETPs), which provide investment exposure to BTC, have collectively surpassed 1 million BTC in holdings globally.<\/p>\n\n\n\n
Recent Trends<\/p>\n\n\n\n
Since the launch of spot Bitcoin ETFs in the United States in mid-January, 11 ETFs have accumulated a total of 855,619 BTC, averaging 6,200 BTC per day.<\/p>\n\n\n\n
Global Holdings<\/p>\n\n\n\n
According to HODL15Capital, 21 additional Bitcoin ETPs from countries like Canada, Germany, and Brazil have contributed to a total of 1,002,343 BTC held, valued at approximately $68 billion. This represents 5.08% of the current circulating supply of 19,704,484 BTC, as per CoinGecko.<\/p>\n\n\n\n
Major Funds<\/p>\n\n\n\n
Grayscale\u2019s GBTC remains the largest fund, holding 289,040 BTC worth around $19.9 billion. However, BlackRock\u2019s iShares Bitcoin Trust (IBIT) is closing in with 287,168 BTC valued at about $19.8 billion and may surpass GBTC soon if current trends continue. Since converting GBTC into a spot ETF in mid-January, Grayscale has lost around 330,960 BTC, or 53% of its previous holdings.<\/p>\n\n\n\n
Market Impact<\/p>\n\n\n\n
In a May 28 post, HODL15Capital raised questions about whether the rise of ETFs is affecting the growth of Bitcoin held in self-custody. Data suggests no growth in self-custody from 2023 to 2024, similar to the period between 2017 and 2018. Currently, only 1 million addresses hold 1 BTC or more, according to LookIntoBitcoin.<\/p>\n\n\n\n
Related News<\/p>\n\n\n\n
Meanwhile, significant Bitcoin movements have been observed, such as those from Mt. Gox-labeled wallets, which are moving billions in BTC amid ongoing repayment processes.<\/p>\n\n\n\n
Conclusion<\/p>\n\n\n\n
The increasing holdings in Bitcoin ETPs highlight their growing popularity among investors, potentially influencing broader market trends and self-custody behaviors.<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin exchange-traded products (ETPs), which provide investment exposure to BTC, have collectively surpassed 1 million BTC in holdings globally.<\/p>","protected":false},"author":1,"featured_media":5084,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[50,44],"class_list":["post-5083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-blockchain"],"_links":{"self":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/5083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/comments?post=5083"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/5083\/revisions"}],"predecessor-version":[{"id":5085,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/5083\/revisions\/5085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/5084"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=5083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=5083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=5083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}