9 Newly Launched Spot Bitcoin ETFs Accumulate BTC Holdings Worth Nearly $6 Billion

Current data reveals that Blackrock’s IBIT spot bitcoin exchange-traded fund (ETF) currently possesses 52,025.76 bitcoin, with a total value of $2.18 billion. Furthermore, Fidelity’s FBTC has increased its bitcoin holdings, now standing at 46,238.09 bitcoin as of Jan. 29, 2024.

Blackrock Snags 52,025 Bitcoin, While Fidelity Now Holds 46,238

Several of the nine new spot bitcoin ETFs have amassed even more bitcoin, as indicated by their recent company statements. Excluding Grayscale’s GBTC, Blackrock’s IBIT takes the lead as the largest spot BTC ETF in terms of bitcoin holdings. On Jan. 29, the web portal displayed that the fund holds 52,025.76 BTC. Fidelity has also bolstered its FBTC holdings, rising from 43,855.14 BTC on January 26 to the current 46,238.09 BTC.

The third-largest spot bitcoin ETF, Ark Invest’s 21shares fund, known as ARKB, holds a substantial 14,390 BTC. Following closely is Bitwise ETF BITB, which now possesses 13,576.10 bitcoin, as reported by onchain data. The Invesco Galaxy ETF boasts an estimated 6,833 BTC, but estimates are solely based on the web portal’s assets under management (AUM) statistics. Vaneck’s HODL ETF holds 2,885.46 BTC, while Valkyrie’s BRRR ETF currently has 2,635.28 BTC in its possession.

Franklin Templeton’s EZBC bitcoin reserve stands at 1,363 BTC, and Wisdomtree’s BTCW ETF holds a reserve of 201 BTC. When considering all nine spot BTC ETFs, excluding GBTC, these funds collectively hold 139,247.69 bitcoin, estimated at a total value of $5.98 billion using prevailing BTC exchange rates. Meanwhile, data from GBTC’s website on Jan. 29, 2024, indicates that Grayscale’s Bitcoin Trust holds 502,712.60 BTC, worth an estimated $21.10 billion.

Comparing the size of the newly acquired BTC by the nine ETFs to GBTC’s current holdings, these combined holdings represent 27.69% of GBTC’s existing bitcoin reserves. At present, Grayscale’s GBTC holdings are 3.53 times more valuable than the reserves held by the nine recently introduced spot bitcoin ETFs.

Source: Bitcoin

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