Bitcoin ETFs hold over 1 million BTC, approaching 5% of total supply

General

Bitcoin
(BTC)
exchange-traded
funds
(ETFs)
already
hold
over
1
million
BTC
in
their
wallets,

according
to
data
aggregator
bold.report.
As
of
May
23,
all
Bitcoin
ETF’s
holdings
amounted
to
1,057,039
BTC,
which
is
equivalent
to
nearly
5%
of
the
crypto’s
supply.

Grayscale’s
GBTC
leads
the
pack
with
over
291,000
BTC
under
management,
closely
followed
by
BlackRock’s
IBIT
and
their
279,500
BTC
stash.
Notably,
those
are
the
numbers
gathered
on
May
23
and
have
since
changed.
GBTC

shows
293,000
BTC
at
the
time
of
writing,
while
IBIT

amounts
to
284,526
BTC,
according
to
on-chain
data
platform
Arkham
Intelligence.

Outside
the
US,
the
Germany-based
BTCetc
Bitcoin
Exchange
Traded
Crypto
(BTCE)
is
the
Bitcoin
ETF
with
the
largest
holdings,
registering
22,490
BTC
under
its
management.
Bitcoin
Tracker
Euro
(COINXBE)
and
Bitcoin
Tracker
One
(COINXBT),
both
Sweden-based,
show
17,830
BTC
and
14,580
BTC
under
management,
respectively.

The
seven
recently
launched
Hong
Kong
Bitcoin
ETFs
hold
5,789
BTC
in
total.
Despite
the
initial
optimism,
Hong
Kong
crypto
products
haven’t
captured
investors’
attention
yet.

HASH11,
the
Bitcoin
ETF
issued
by
Brazilian
asset
manager
Hashdex,
holds
over
7,900
BTC,
following
closely
the
crypto
exchange-traded
products
from
the
US,
Canada,
and
Europe.
Hashdex
also
has
a
Bitcoin
ETF
in
the
US,
the
DEFI,
although
it
currently
holds
only
185
BTC.

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