Bitcoin ETFs hold over 1 million BTC, approaching 5% of total supply

Bitcoin (BTC) exchange-traded funds (ETFs) already hold over 1 million BTC in their wallets, according to data aggregator bold.report. As of May 23, all Bitcoin ETF’s holdings amounted to 1,057,039 BTC, which is equivalent to nearly 5% of the crypto’s supply.

Grayscale’s GBTC leads the pack with over 291,000 BTC under management, closely followed by BlackRock’s IBIT and their 279,500 BTC stash. Notably, those are the numbers gathered on May 23 and have since changed. GBTC shows 293,000 BTC at the time of writing, while IBIT amounts to 284,526 BTC, according to on-chain data platform Arkham Intelligence.

Image: bold.report

Outside the US, the Germany-based BTCetc Bitcoin Exchange Traded Crypto (BTCE) is the Bitcoin ETF with the largest holdings, registering 22,490 BTC under its management. Bitcoin Tracker Euro (COINXBE) and Bitcoin Tracker One (COINXBT), both Sweden-based, show 17,830 BTC and 14,580 BTC under management, respectively.

The seven recently launched Hong Kong Bitcoin ETFs hold 5,789 BTC in total. Despite the initial optimism, Hong Kong crypto products haven’t captured investors’ attention yet.

HASH11, the Bitcoin ETF issued by Brazilian asset manager Hashdex, holds over 7,900 BTC, following closely the crypto exchange-traded products from the US, Canada, and Europe. Hashdex also has a Bitcoin ETF in the US, the DEFI, although it currently holds only 185 BTC.

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