The Spot Bitcoin Exchange Traded Funds (ETFs) The United States experienced a modest increase in inflows, accumulating a total of $113.5 million on a trading volume of about $2.3 billion. The group of ten Bitcoin Spot ETFs, excluding the Bitcoin Trust Grayscale Bitcoin GBTC, It now encompasses 507,472.89 bitcoins or 2.6% of the total circulating supply of 19.67 million bitcoins.
In this way, the Bitcoin ETF in cash they capture US$113.5 million in new entries amid fluctuations in the market.
Newly launched Bitcoin spot ETFs enjoyed another day of positive inflows on Wednesday, following the addition of $39.5 million in that session. In total they raised approximately US$113.5 million, even when the overall trading volume disdecreased slightly compared to Tuesday. Despite this influx, the Grayscale GBTC Bitcoin Trust experienced a smaller outflow, although less pronounced than in recent days. Leading the entry charge was Fidelity’s FBTC, closely followed by Blackrock’s IBIT.
One by one: Bitcoin holding ETFs
Grayscale GBTC It was in possession of 333,619.19 bitcoins, according to statistics filed on April 2, and as of April 4, the fund’s holdings have been adjusted to 328,012.82 BTC, valued at $21.6 billion. This adjustment indicates that GBTC reduced its holdings by 5,606.37 BTC during this interval.
Blackrock IBIT It is now the custodian of 257,319.61 BTC, valued at $16.9 billion, positioning it as the second largest holder among the ten, after GBTC. Meanwhile, FBTC has accumulated 146,016.20 BTC, which is currently valued at $9.72 billion, according to the latest BTC exchange rates.
Ark Invest’s ARKB It ranks third as the largest custodian among the ten, with its holdings reaching 43,338 BTC, valued at approximately $2.88 billion. Bitwise’s BITB secures 32,105.38 BTC, while Vaneck’s HODL maintains possession of 8,824.02 BTC, and Valkyrie’s BRRR oversees a total of 7,731.50 BTC as of Thursday. Holdings of the Invesco Galaxy ETF now stand at 5,937 BTC, Franklin Templeton’s EZBC fund holds 4,843 BTC, and Wisdomtree’s BTCW has 1,194.88 BTC under its control. The new Hashdex Spot Bitcoin ETF, which has just started accumulating reserves, currently holds 163.3 BTC.
Starting April 4, Every Spot Bitcoin ETF Excluding GBTC, collectively manages 507,472.89 BTC, estimated at around $33.78 billion. These ten ETFs represent 2.6% of the 19.67 million existing bitcoins. Including GBTC, the 11 ETFs combined hold 835,485.71 BTC, representing 4.24% of the total circulating supply of 19.67 million BTC.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
