9 New ETFs Capture 177,949 Bitcoin, Pulling Nearly 40M BTC off Market After GBTC Outflows

9 New ETFs Capture 177,949 Bitcoin, Pulling Nearly 40M BTC off Market After GBTC Outflows

In the latest reports, a number of the nine spot bitcoin exchange-traded funds (ETFs) that were launched on Jan. 11, 2024, have increased their bitcoin holdings following the last day of trading activity recorded on Feb. 2, 2024. According to the data, Blackrock’s IBIT now possesses 72,466.64 bitcoin, valued at $3.12 billion, and Fidelity’s Wise Origin ETF, FBTC, currently owns 60,054.87 BTC, estimated at $2.58 billion.
177,949 BTC Stashed by 9 ETFs, Blackrock and Fidelity Hold Nearly 75%
While the bitcoin reserves in GBTC have diminished, the nine newly launched spot bitcoin exchange-traded funds — IBIT, FBTC, ARKB, BITB, BTCO, HODL, BRRR, EZBC, and BTCW — have gathered a significant amount of BTC. Currently, Blackrock’s IBIT stands as the premier holder of bitcoin among U.S. spot bitcoin ETFs, with the exception of Grayscale’s GBTC.
The Ishares Bitcoin Trust (IBIT) now boasts 72,466.64 BTC, representing 0.369% of the total 19.61 million BTC circulating globally. The runne

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