2024-4-2 20:00 |
Quick Take
According to data from the Bold Report, Bitcoin exchange-traded products (ETPs) have achieved a significant milestone, accumulating over 1 million BTC. This translates to an impressive $74 billion in assets under management (AUM).
This accumulation represents more than 5% of Bitcoin’s circulating supply, which is approximately 19.7 million Bitcoin. In mid-March, these investment vehicles reached a peak of 1.1 million BTC held, with an AUM of around $76 billion.
BTC held by ETPs: (Source: Bold.Report)The ProShares Bitcoin Strategy ETF (BITO) stands out, currently holding approximately 43,400 Bitcoin valued at $3 billion in AUM. Remarkably, BITO has experienced continual inflows each month since the introduction of spot Bitcoin ETFs in January, according to the Bold Report.
Ticker Name Jan Feb Mar AUM GBTC Grayscale Bitcoin Trust -135,418 -53,392 -94,544 $23.6B IBIT iShares Bitcoin Trust +61,045 +87,912 +101,094 $17.83B FBTC Fidelity Wise Origin Bitcoin +45,828 +52,995 +40,889 $10.24B ARKB ARK 21Shares Bitcoin ETF +15,391 +18,408 +10,700 $3.16B BITB Bitwise Bitcoin ETF +15,074 +9,685 +7,079 $2.242B BITO ProShares Bitcoin Strategy ETF +3,305 +496 +1,678 $3.033B
Source: Bold.Report
The post Over 5% of Bitcoin’s circulating supply now held in ETPs appeared first on CryptoSlate.
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