Total BTC Amount in the Hands of Bitcoin ETF Companies in the US is Revealed- They Are Slowly Accumulating BTC Supply

Spot Bitcoin ETFs listed in the United States currently hold 900,000 Bitcoins, accounting for 4.3% of the total Bitcoin supply. This was announced by Nate Geraci, president of The ETF Store.

Assets held by ETFs are estimated at approximately US$60 billion. This means that considering that the total market value of BTC is currently 1.3 trillion dollars, approximately 5% of the total supply is in the hands of ETF companies in the USA.

Since its launch in January, Bitcoin ETFs have seen net fund inflows of US$17 billion.

Bloomberg analyst Eric Balchunas emphasized the importance of these developments, saying: “Bitcoin ETFs reached +$17 billion in net flows since the beginning of the year for the first time on Friday. This is the most important figure to watch because it takes into account outflows from GBTC and is independent of the price increase.” , there is no false data, it can only grow through net demand and adoption. And it may go down, but it is moving up right now.”

In related news, major US ETF issuers such as BlackRock, Fidelity, Grayscale, and Bitwise announced fee rates for upcoming spot Ethereum ETFs on Wednesday. Most issuers, including BlackRock, set their fees at 0.25%. However, Grayscale set its fee for the Grayscale Ethereum Trust at 2.5%, a significantly higher rate than other issuers.

However, Grayscale will also launch a Mini Ethereum ETF that will have an additional 0.15% fee.

*This is not investment advice.

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