Summary
- Global Bitcoin exchange-traded products (ETPs) reportedly hold more than 1.47 million Bitcoins, equivalent to 7% of the total supply.
- U.S. spot Bitcoin exchange-traded funds (ETFs) make up most of the holdings, with BlackRock's IBIT being the largest.
- Global Bitcoin ETPs reportedly bought about 170,000 more this year alone.
Global Bitcoin (BTC) exchange-traded products (ETPs) are reported to hold an amount equal to 7% of the supply.
On the 2nd (local time), Cointelegraph reported that Bitcoin ETPs currently hold more than 1.47 million BTC. This is about 7% of Bitcoin's maximum supply (21 million coins).
U.S. spot Bitcoin exchange-traded funds (ETFs) accounted for most of this. According to Hodl15 Capital, U.S. ETFs hold more than 1.29 million BTC. BlackRock's IBIT was the largest at 746,810 BTC, followed by Fidelity's FBTC with about 199,500 BTC. In addition, global Bitcoin ETPs purchased about 170,000 more this year alone.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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