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Bitcoin ETFs Globally Hold 1,000,000 Bitcoin Worth $68,777,800,000
The post Bitcoin ETFs Globally Hold 1,000,000 Bitcoin Worth $68,777,800,000 appeared on BitcoinEthereumNews.com. Bitcoin ETFs now hold over one million BTC, worth $69 billion and accounting for 5.076% of the top crypto’s circulating supply as the sector’s breakneck growth continues. Grayscale is still at the top despite bleeding for months, but BlackRock is quickly catching up and is likely to overtake GBTC this week, with non-US ETFs also playing a significant role in the sector. Bitcoin ETFs have crossed the one million BTC mark as the unprecedented growth continues months after they were first approved. Since launching in mid-January, the spot ETFs have been gobbling up over 6,000 BTC daily. For context, only 450 BTC is produced by miners daily since the halving in April slashed the reward from 6.25 BTC to 3.125 BTC. The ETFs now hold 1,002,343 BTC, worth over $68 billion of the top crypto. ???? BREAKING: #Bitcoin ETFs globally have reached a historic milestone, holding more than 1,000,000 #BTC worth $68,777,800,000! ???????????? The adoption is real and happening right now! pic.twitter.com/H9hbKRIhwm — Collin Brown (@CollinBrownXRP) May 27, 2024 Grayscale remains the largest ETF despite losing millions almost daily since January. It holds 289,040 BTC, worth just under $20 billion. BlackRock’s IBIT has been edging closer to overtaking Grayscale and holds just two thousand fewer Bitcoin for a total of $19.8 billion in assets under management. With the current trajectory, IBIT is scheduled to overtake Grayscale this week and become the world’s largest digital asset ETF. Fidelity is the other big player, with over 161,000 BTC, worth just over $11.1 billion. ARK 21Shares and Bitwise are the only other issuers in the US whose ETFs hold over 10,000 BTC, with Cathie Wood’s investment firm having a slight edge over the San Francisco-based crypto investment manager. Collectively, American ETFs hold 855,619 BTC. Beyond the US, neighbouring Canada has the largest ETF—the…
The post Bitcoin ETFs Globally Hold 1,000,000 Bitcoin Worth $68,777,800,000 appeared on BitcoinEthereumNews.com.
Bitcoin ETFs now hold over one million BTC, worth $69 billion and accounting for 5.076% of the top crypto’s circulating supply as the sector’s breakneck growth continues. Grayscale is still at the top despite bleeding for months, but BlackRock is quickly catching up and is likely to overtake GBTC this week, with non-US ETFs also playing a significant role in the sector. Bitcoin ETFs have crossed the one million BTC mark as the unprecedented growth continues months after they were first approved. Since launching in mid-January, the spot ETFs have been gobbling up over 6,000 BTC daily. For context, only 450 BTC is produced by miners daily since the halving in April slashed the reward from 6.25 BTC to 3.125 BTC. The ETFs now hold 1,002,343 BTC, worth over $68 billion of the top crypto. ???? BREAKING: #Bitcoin ETFs globally have reached a historic milestone, holding more than 1,000,000 #BTC worth $68,777,800,000! ???????????? The adoption is real and happening right now! pic.twitter.com/H9hbKRIhwm — Collin Brown (@CollinBrownXRP) May 27, 2024 Grayscale remains the largest ETF despite losing millions almost daily since January. It holds 289,040 BTC, worth just under $20 billion. BlackRock’s IBIT has been edging closer to overtaking Grayscale and holds just two thousand fewer Bitcoin for a total of $19.8 billion in assets under management. With the current trajectory, IBIT is scheduled to overtake Grayscale this week and become the world’s largest digital asset ETF. Fidelity is the other big player, with over 161,000 BTC, worth just over $11.1 billion. ARK 21Shares and Bitwise are the only other issuers in the US whose ETFs hold over 10,000 BTC, with Cathie Wood’s investment firm having a slight edge over the San Francisco-based crypto investment manager. Collectively, American ETFs hold 855,619 BTC. Beyond the US, neighbouring Canada has the largest ETF—the…
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