Spot Bitcoin ETFs’ Collective Holdings Approach $6 Billion in Value
As of January 29, 2024, Blackrock’s IBIT spot bitcoin exchange-traded fund (ETF) is in possession of 52,025.76 bitcoins, valued at $2.18 billion.
Concurrently, Fidelity’s FBTC has augmented its bitcoin holdings, reaching 46,238.09 bitcoins. Notably, among the new spot bitcoin ETFs, excluding Grayscale’s GBTC, Blackrock’s IBIT emerges as the largest in terms of bitcoin holdings. Fidelity’s FBTC follows closely behind, showcasing an increase from 43,855.14 BTC on January 26 to the current 46,238.09 BTC. The data further reveals notable holdings by other ETFs, with Ark Invest’s ARKB holding 14,390 BTC, Bitwise ETF BITB possessing 13,576.10 bitcoin, and the Invesco Galaxy ETF estimating 6,833 BTC.
In total, the nine spot BTC ETFs collectively hold 139,247.69 bitcoins, valued at approximately $5.98 billion. Comparatively, Grayscale’s GBTC holds 502,712.60 BTC, worth an estimated $21.10 billion, indicating that the combined holdings of the new ETFs represent 27.69% of GBTC’s existing bitcoin reserves. Presently, GBTC’s holdings are 3.53 times more valuable than those of the nine recently introduced spot bitcoin ETFs.
Clever Robot News Desk 31st January 2024
