Blackrock Holds 52,025 Bitcoin, Fidelity Has 46,238 BTC
Several new spot bitcoin ETFs have accumulated significant amounts of bitcoin, according to their recent company statements. Blackrock’s IBIT is the largest spot BTC ETF with 52,025.76 BTC in holdings, excluding Grayscale’s GBTC. Fidelity has also increased its bitcoin holdings to 46,238.09 BTC.
Other ETFs’ Bitcoin Reserves
The Ark Invest’s ARKB fund holds 14,390 BTC, making it the third-largest spot bitcoin ETF. Bitwise ETF BITB has 13,576.10 BTC, Invesco Galaxy ETF has an estimated 6,833 BTC, Vaneck’s HODL ETF has 2,885.46 BTC, and Valkyrie’s BRRR ETF has 2,635.28 BTC. Franklin Templeton’s EZBC reserve stands at 1,363 BTC, and Wisdomtree’s BTCW ETF has 201 BTC.
Total Holdings and Comparison with GBTC
Excluding GBTC, the nine spot BTC ETFs collectively hold 139,247.69 BTC worth $5.98 billion. In contrast, GBTC holds 502,712.60 BTC, worth an estimated $21.10 billion. The combined holdings of the new ETFs make up 27.69% of GBTC’s existing bitcoin reserves. GBTC’s holdings are currently 3.53 times more valuable than the reserves held by the recent spot bitcoin ETFs.
Hot Take: Growing Bitcoin Holdings in ETFs
The data shows a significant increase in bitcoin holdings by various spot BTC ETFs. Blackrock’s IBIT and Fidelity’s FBTC have accumulated substantial amounts of bitcoin, solidifying their positions as the largest holders among the new ETFs. This trend indicates growing institutional interest in bitcoin and suggests a positive outlook for the future of the cryptocurrency market.
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