At present, the total BTC holdings of the ten BTC spot ETFs exceed 800,000, accounting for 3.8% of the total BTC.

On-chain analyst Yu Jin wrote that the total amount of BTC held by the top ten BTC spot ETFs has exceeded 800,000 coins, accounting for 3.8% of the total BTC supply. At the same time, Grayscale's (GBTC) share of the total BTC holdings in the top ten BTC spot ETFs has dropped to below 50%, with BTC holdings falling below 400,000 coins. Grayscale's (GBTC) influence on the market has been decreasing. Since the launch of BTC spot ETFs only two months ago, the BTC holdings of BlackRock (IBIT) and Fidelity (FBTC) have reached 320,000 coins ($23.1 billion), which is about to surpass Grayscale (GBTC). On March 11, the net inflow of funds into the top ten BTC spot ETFs was $505.51 million, corresponding to a net inflow of about 7,018 BTC to the ETF custody address after the opening of the US stock market tonight (3/12): •Outflow: Grayscale (GBTC) and JPMorgan (BTCO) outflowed about 6,995 BTC (corresponding to a fund outflow of $503.78 million on 3/11); •Inflow: The remaining eight ETFs inflowed about 14,013 BTC (corresponding to a fund inflow of $1.00929 billion on 3/11), with BlackRock (IBIT) being the main player, inflowing 7,816 BTC ($562.9 million), exceeding the total outflow of Grayscale and JPMorgan. The total amount of BTC held by the top ten BTC spot ETFs is currently 802,385 BTC ($57.78 billion).