- To date, the US spot Bitcoin ETFs market saw a total net inflow of $13.69 billion.
- The dominant BTC ETFs on the leaderboard are Grayscale’s GBTC with 293K and BlacRock’s IBIT with 284,526 BTC.
Bitcoin exchange-traded funds (ETFs) worldwide have exceeded 1 million BTC under management, nearly 5% of the largest cryptocurrency’s circulating supply. This signals bullish institutional interest, and mainstream adoption of Bitcoin as an investment asset.
Global Bitcoin ETFs and its BTC AUM (Source: The Bold)
Signaling a major shift in the crypto landscape, the U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs. Among them, Grayscale’s GBTC leads the row with 289,079 BTC, followed by BlackRock’s IBIT with 284,518 BTC under management. While the remaining 7 issuers, VanEck, Invesco, Bitwise, Valkyrie, Ark/21Shares, WisdomTree, and Franklin Templeton, manage 1,17,628 BTC in total.
Since the beginning of trading, a total of $1.63 billion has been traded in this market. In the last 24 hours, the US spot BTC ETF market observed a net inflow of $251.94 million.
On the other hand, Hong Kong’s Securities and Futures Commission (SFC) approved the three Spot bitcoin ETFs by ChinaAMC, Bosera HashKey, and Harvest in late April. According to data, these newly launched ETFs collectively hold 2.46K BTC under management. To date, the total value traded in this market surpassed $2.48 million.
Bitcoin ETFs in Other Nations
Besides the US and Hong Kong, countries such as Germany, Sweden, Brazil, Switzerland, Canada, and Australia have embraced Bitcoin ETFs.
In Germany, BTC Bitcoin Exchange Traded Crypto (BTCE) is the largest holder with 22,490 BTC under management. As per data, two Sweden-based ETFs such as Bitcoin Tracker Euro (COINXBE) with 17,830 BTC, and Bitcoin Tracker One (COINXBT) with 14,580 BTC stand as the nation’s notable ETF issuers.
Meanwhile, in Brazil, HASH11, the BTCETF issued by asset manager Hashdex holds 7,900 BTC under management. Moreover, this asset manager hosts service in the US markets by managing 185 BTC.
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