Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ten Bitcoin Spot ETFs Top 800,000 BTC in Total Holdings, 3.8% of Total BTC

Ten Bitcoin Spot ETFs Top 800,000 BTC in Total Holdings, 3.8% of Total BTC

2024/03/12 11:00

According to uplink analyst Yu Hui, the total BTC holdings of the ten BTC spot ETFs now exceed 800,000 pieces, accounting for 3.8% of overall BTC. Meanwhile (GBTC)'s volume in the ten BTC spot ETFs has now begun to fall back below 50%, with BTC holdings falling below 400,000 pieces. Shades of gray (GBTC) has become less and less influential in the market. only 2 months since the launch of the BTC spot ETFs, BlackRock (IBIT) and Fidelity (FBTC) ) are on the verge of overtaking (GBTC) with BTC holdings of 320,000 pieces ($23.1 billion).

 

Additionally, tonight (March 12) after the U.S. stock market opens the ETF's custodial address will see a net inflow of about 7,018 BTC:

- Jumps: step (GBTC) and Kingston (BTCO) jumped about 6,995 BTC (corresponding to a 3/11 money jump of $503.78 million);

-Inflows: the remaining eight ETFs inflowed about 14,013 BTC (corresponding to a 3/11 money inflow of $1,009.29 million), anchored by BlackRock (IBIT), which inflowed 7,816 BTC ($562.90 million), more than the combined jumps of Steps and Kingston.

Current total BTC holdings of the ten BTC spot ETFs: 802,385 BTC ($57.78 billion).

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!