Reserves for Bitcoin ETFs Increase: Since the fund’s launch in January, more than 200,000 BTC valued at $9.56 billion have been gathered.
Command of New ETFs More than 200,000 Bitcoin
Spot bitcoin ETFs launched by Blackrock, Fidelity, Ark Invest, Bitwise, Invesco, Vaneck, Valkyrie, Franklin Templeton, and Wisdomtree have amassed sizable bitcoin (BTC) reserves over the past 28 days. On January 11, 2024, these nine ETFs as well as Grayscale’s Bitcoin Trust (GBTC) opened for trade. According to data, Blackrock’s IBIT fund is the largest bitcoin (BTC) holder outside of GBTC, with an astonishing total of 82,515.95 BTC, or almost $3.89 billion.
Blackrock’s holdings website shows that its funds are valued at $3.71 billion, however since 82,515.95 BTC was recorded on IBIT’s records, the value of Bitcoin has increased. Closely behind, with 69,433.66 BTC, the Fidelity Wise Origin ETF, often known as FBTC, has the second-largest bitcoin reserve. According to Fidelity’s appraisal, these holdings are roughly worth $3.15 billion; however, according to the cfbenchmarks reference, current Bitcoin prices indicate that their true value is actually $3.27 billion.
With 18,590 BTC in its portfolio, the ARKB fund from Ark Invest 21shares is currently valued at $876 million. Bitwise’s BITB ETF, valued at around $820 million, manages 17,398.13 BTC. 7,106 BTC, or roughly $335 million, are held by the BTCO fund managed by Invesco Galaxy as of Friday. Vaneck’s HODL ETF now has 3,111.53 BTC in reserves, worth $146.73 million, whilst Valkyrie’s BRRR still has 2,720.34 BTC. The estimated worth of BRRR’s bitcoin holdings as of right now is $128.24 million.
The last two ETFs, Wisdomtree and Franklin Templeton, have substantially lower holdings than the others. Franklin Templeton’s EZBC fund has 1,595 BTC, while Wisdomtree’s BTCW has 398 BTC. All together, these nine newly launched funds accumulate 202,868.61 BTC, which is equivalent to $9.56 billion. Grayscale’s GBTC, on the other hand, has an astounding 468,786.99 BTC, or an estimated $21.33 billion. Even though the new funds have a sizeable total holding of over 200,000 coins, since January 12, 2024, GBTC has sold out 148,293 BTC, or $6.99 billion, of its holdings.
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