According to SoSoValue data, U.S.-based spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) accumulated 56,802 BTC between January 1 and February 6, bringing the total to 1.1 million BTC. However, since then, approximately 55,348 BTC—worth $4.58 billion—have left their vaults.
These funds currently hold $93.25 billion worth of BTC, accounting for about 5.6% of the total cryptocurrency market capitalization as of Friday (March 14). BlackRock’s iShares Bitcoin Trust (IBIT) leads with a net inflow of $39.24 billion and holds 568,559 BTC.
The Fidelity Wise Origin Bitcoin Fund (FBTC) ranks second, with a total inflow of $11.25 billion or 194,269 BTC. Meanwhile, the Grayscale Bitcoin Trust (GBTC) has seen an outflow of $22.5 billion but still retains 193,870 BTC.
Interestingly, these three ETFs together represent 85.26% of the total holdings across all Bitcoin ETFs, which currently stand at 1.1 million BTC.
There are currently 12 spot Bitcoin ETFs in operation, with the potential addition of one more from Osprey Funds, which has filed for the Osprey Bitcoin Trust (OBTC), though it has yet to receive SEC approval.
For reference, OBTC is reported to hold around 1,934 BTC, valued at $160 million.
Source: Crypto Academy
