9 Newly Launched Spot Bitcoin ETFs Accumulate BTC Holdings Worth Nearly $6 Billion

9 Newly Launched Spot Bitcoin ETFs Accumulate BTC Holdings Worth Nearly $6 Billion

Current data reveals that Blackrock’s IBIT spot bitcoin exchange-traded fund (ETF) currently possesses 52,025.76 bitcoin, with a total value of $2.18 billion. Furthermore, Fidelity’s FBTC has increased its bitcoin holdings, now standing at 46,238.09 bitcoin as of Jan. 29, 2024.

Blackrock Snags 52,025 Bitcoin, While Fidelity Now Holds 46,238

Several of the nine new spot bitcoin ETFs have amassed even more bitcoin, as indicated by their recent company statements. Excluding Grayscale’s GBTC, Blackrock’s IBIT takes the lead as the largest spot BTC ETF in terms of bitcoin holdings. On Jan. 29, the web portal displayed that the fund holds 52,025.76 BTC. Fidelity has also bolstered its FBTC holdings, rising from 43,855.14 BTC on January 26 to the current 46,238.09 BTC.

The third-largest spot bitcoin ETF, Ark Invest’s 21shares fund, known as ARKB, holds a substantial 14,390 BTC. Following closely is Bitwise ETF BITB, which now possesses 13,576.10 bitcoin, as reported by onchain data. The Invesco Galaxy ETF boasts an estimated 6,833 BTC, but estimates are solely based on the web portal’s assets under management (AUM) statistics. Vaneck’s HODL ETF holds 2,885.46 BTC, while Valkyrie’s BRRR ETF currently has 2,635.28 BTC in its possession.

Franklin Templeton’s EZBC bitcoin reserve stands at 1,363 BTC, and Wisdomtree’s BTCW ETF holds a reserve of 201 BTC. When considering all nine spot BTC ETFs, excluding GBTC, these funds collectively hold 139,247.69 bitcoin, estimated at a total value of $5.98 billion using prevailing BTC exchange rates. Meanwhile, data from GBTC’s website on Jan. 29, 2024, indicates that Grayscale’s Bitcoin Trust holds 502,712.60 BTC, worth an estimated $21.10 billion.

Comparing the size of the newly acquired BTC by the nine ETFs to GBTC’s current holdings, these combined holdings represent 27.69% of GBTC’s existing bitcoin reserves. At present, Grayscale’s GBTC holdings are 3.53 times more valuable than the reserves held by the nine recently introduced spot bitcoin ETFs.

What do you think about the accumulation from the nine newly introduced spot bitcoin ETFs? Share your thoughts and opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/DTiHPbF

Comments

Post a Comment

Popular posts from this blog

L2 Crypto Project Blast Achieves $660M TVL Amid Mockery for Key Developer Recruitment

Image
Recent data reveals that Blast, the new layer two (L2) blockchain platform, has amassed a significant $660 million in value within its decentralized finance (defi) protocol. Concurrently, while accumulating a variety of crypto assets, the initiative has commenced a search for experienced senior blockchain developers. While Amassing $660M, L2 Blast Project Searches for Developers In recent times, Blast has emerged as a focal point of interest. This project, conceptualized by Pacman , the mind behind the non-fungible token (NFT) marketplace Blur, has rapidly gained traction. Within a span of less than a week, the platform’s total value locked (TVL) soared to approximately $400 million. Concurrently, Blast faced allegations of resembling a Ponzi scheme. During this period, Paradigm, a principal investor in the project, admitted that the team had overstepped in certain aspects of communication and implementation. Pacman has also countered the Ponzi scheme allegations and further cl
Read more

Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship

Image
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their citizenship in order to become stateless. Some people will also attempt to get double-citizenship, as both of these acts may help sovereign individuals avoid government intrusion and theft. Also Read: As FATF Regulations Galvanize, Crypto Mixing Applications Are Targeted A Cryptocurrency Advocate’s Quest for Financial Sovereignty May Involve Hard Choices It’s been close to 11 years since the inception of Bitcoin and during the last few years government agencies and law enforcement have been cracking down on digital currency holders. In certain areas around the world, a few countries have extremely difficult crypto laws and stringent capital gains taxes. Countries like the U.S. have imposed strict regul
Read more

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

Image
As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting
Read more