bitcoin
Bitcoin (BTC) $ 67,427.07
ethereum
Ethereum (ETH) $ 3,527.10
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 597.82
xrp
XRP (XRP) $ 0.591712
cardano
Cardano (ADA) $ 0.436858
usd-coin
USDC (USDC) $ 0.999856
matic-network
Polygon (MATIC) $ 0.541203
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.13546
okb
OKB (OKB) $ 43.02
polkadot
Polkadot (DOT) $ 6.37
shiba-inu
Shiba Inu (SHIB) $ 0.000018
tron
TRON (TRX) $ 0.134421
uniswap
Uniswap (UNI) $ 7.99
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,421.06
dai
Dai (DAI) $ 1.00
litecoin
Litecoin (LTC) $ 73.61
staked-ether
Lido Staked Ether (STETH) $ 3,527.44
solana
Solana (SOL) $ 173.83
avalanche-2
Avalanche (AVAX) $ 28.79
chainlink
Chainlink (LINK) $ 14.21
cosmos
Cosmos Hub (ATOM) $ 6.54
the-open-network
Toncoin (TON) $ 7.32
ethereum-classic
Ethereum Classic (ETC) $ 24.11
leo-token
LEO Token (LEO) $ 5.69
filecoin
Filecoin (FIL) $ 4.74
bitcoin-cash
Bitcoin Cash (BCH) $ 397.03
monero
Monero (XMR) $ 164.57
bitcoin
Bitcoin (BTC) $ 67,427.07
ethereum
Ethereum (ETH) $ 3,527.10
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 597.82
usd-coin
USDC (USDC) $ 0.999856
xrp
XRP (XRP) $ 0.591712
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.13546
cardano
Cardano (ADA) $ 0.436858
solana
Solana (SOL) $ 173.83
matic-network
Polygon (MATIC) $ 0.541203
polkadot
Polkadot (DOT) $ 6.37
tron
TRON (TRX) $ 0.134421

9 New Bitcoin ETFs Accumulate $1.3B in BTC in 6 Days as Funds Near the 500,000 Milestone

Must Read

Within the span of simply six days, the 9 freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over $1.3 billion. Holding 474,363.55 bitcoins value $30.6 billion, these new ETFs are in need of 25,636.45 cash to hit the five hundred,000 milestone.

Excluding GBTC, Constancy’s FBTC and Blackrock’s IBIT Dominate Bitcoin ETFs In Phrases of Reserves Held

Since their debut on Jan. 11, 2024, the brand new spot bitcoin ETFs, excluding GBTC, have considerably elevated their bitcoin holdings. Among the many 9 U.S. funds, Blackrock’s IBIT leads with a hefty reserve of 242,829.94 BTC, valued at $15.6 billion in keeping with the present BTC alternate charges.

This reserve makes IBIT the large amongst its friends, accounting for 51.19% of the mixed 474,363.55 BTC held by the 9. Following carefully, Constancy’s FBTC holds 135,741.06 BTC value $8.7 billion as of March 23, 2024. This makes up 28.61% of the overall bitcoin stash owned by the 9 ETFs.

Collectively, IBIT and FBTC dominate, holding 79.8% of the collective complete. Ark Make investments’s ARKB and Bitwise’s BITB personal 40,213 BTC and 30,292.21 BTC, respectively. Vaneck’s HODL ranks fifth, with a holding of 8,116.94 BTC valued at $524.6 million as of the morning of March 23.

The sixth place is claimed by Valkyrie’s BRRR, holding 6,930.57 BTC, adopted by Invesco’s BTCO with 4,996 BTC, Franklin Templeton’s EZBC with roughly 4,118 BTC, and lastly, Wisdomtree’s BTCW with 1,125.84 BTC. With the inclusion of GBTC, seven out of the 9 go for Coinbase Custody for bitcoin storage.

In the meantime, Constancy independently custodies FBTC’s holdings, Vaneck makes use of Gemini, and Valkyrie opts for Bitgo, protecting Coinbase in its place custodian. The collective stash of 474,363.55 BTC by the 9 spot bitcoin ETFs represents 2.25% of Bitcoin’s most provide of 20,999,999.97 BTC.

When GBTC is taken into account alongside the 9, the overall rises to 824,615.55 BTC, roughly 3.92% of Bitcoin’s cap. On the present fee of acquisition, the 9 newly launched spot bitcoin ETFs might attain the five hundred,000 BTC milestone throughout subsequent week’s buying and selling periods.

What do you consider the bitcoin the 9 new ETFs collected since Jan. 11, 2024? Share your ideas and opinions about this topic within the feedback part under.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

How powerful are AI-based multi-strategy trading models?

The cryptocurrency market is thought for its volatility and inefficiencies. These inefficiencies current quite a few revenue alternatives, however...
- Advertisement -

More Articles Like This