Investor’s growing interest in Bitcoin ETF reflects the trend of portfolio diversification and has drawn extra attention to the latest flow and reserves of Bitcoin.
According to reports, after the approval of 11 Bitcoin spot ETFs including BlackRock by the US SEC on January 10, the total trading volume has exceeded $13 billion in a short period of time. Its asset management scale has surpassed that of Silver ETFs, making it the second-largest ETF commodity category in the United States.
Bitcoin Magazine reported that the asset management scale of the five Silver ETFs is currently around $11.5 billion, while the asset management scale of Bitcoin spot ETF has exceeded $28 billion in less than a week since its launch.
According to The Block, the fact that Bitcoin ETF has become the second-largest ETF commodity in the United States marks an important milestone in the Bitcoin market. This achievement is attributed to the increasing demand for BTC from institutional and retail investors.
The report states that the growing interest of investors in Bitcoin ETF reflects the trend of portfolio diversification and recognition of the unique value proposition provided by BTC. With the continuous development of the Bitcoin market, the achievement of surpassing Silver ETFs consolidates Bitcoin’s important position in the global financial market.
At the same time, the latest flow and reserves of Bitcoin have also attracted extra attention.
According to information released by Bitcoin Magazine, which has been tracking Bitcoin ETF flow data since its inception, as of January 20, US Bitcoin ETF has accumulated 95,000 BTC, valued at $4 billion. BlackRock currently holds 28,622 BTC, valued at over $1.1 billion.
According to a set of data recently disclosed by Bitcoin data analysis company Swan Media, among ETFs, funds, private and public companies, governments, and even DeFi, a total of 2,170,327 BTC are currently held, accounting for approximately 10.33% of the total supply. The remaining BTC has two possibilities: either held by individuals or permanently lost.
In the national category in the above data:
The United States holds 215,000 BTC.
China holds 190,000 BTC.
Ukraine holds 46,351 BTC.
In the institutional category:
Grayscale Bitcoin Trust (GBTC) holds 581,274 BTC.
MicroStrategy holds 189,150 BTC.
Block.one holds 164,000 BTC.
Tether holds 61,627 BTC.
Mtgox holds 141,686 BTC.
BitMex holds 60,093 BTC.
Eric Balchunas, a senior ETF analyst at Bloomberg, said on social media that we also have a similar example to illustrate who owns the stock market. In both cases, funds are minority shareholders. Like stocks, ETFs are not only the culprits for sell-offs but often make the situation not so bad because they become net buyers through positive net flows.
Eric Balchunas said, “This is a chart on our dashboard showing who owns stocks. ETFs own 8% of stocks; bonds own 6% of stocks; gold owns 1% of stocks; in all areas, ETFs are minority shareholders, but because they are public-facing and a rapidly growing industry, they have received widespread attention.”
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