The increasing interest of investors in Bitcoin ETF reflects the trend of portfolio diversification and has attracted significant attention due to the latest flow and reserve of Bitcoin.
According to reports, after the US SEC approved 11 Bitcoin spot ETFs, including BlackRock, on January 10, the total trading volume of these ETFs has exceeded $13 billion in a short period of time. Its asset management scale surpasses that of silver ETFs, becoming the second-largest ETF commodity category in the United States.
According to Bitcoin Magazine, the asset management scale of the five silver ETFs is approximately $11.5 billion, while the asset management scale of Bitcoin spot ETFs has already exceeded $28 billion less than a week after its launch.
The Block reported that Bitcoin ETF becoming the second-largest ETF commodity in the US marks an important milestone for 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. The achievement of surpassing silver ETFs solidifies Bitcoin’s important position in the global financial market as the Bitcoin market continues to develop.
Meanwhile, the latest flow and reserve of Bitcoin have also attracted significant attention.
According to information released by Bitcoin Magazine, which has been tracking the flow data of Bitcoin ETF from the beginning, as of January 20, US Bitcoin ETFs have accumulated 95,000 BTC, worth $4 billion. BlackRock currently holds 28,622 BTC, worth over $1.1 billion.
According to a set of data 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 is held, accounting for approximately 10.33% of the total supply. The remaining BTC is either held by individuals or permanently lost.
In the country 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, stated on social media that we also have a similar example to illustrate who owns the stock market. In both cases, the funds are minority shareholders. Like stocks, ETFs are not only the culprits of sell-offs but also often make the situation less bad as they become net buyers through positive net flows.
Eric Balchunas stated, “This is a chart on our dashboard showing who owns the stock market. ETFs own 8% of the stocks; bonds own 6% of the stocks; gold owns 1% of the stocks. In all areas, ETFs are minority shareholders, but due to their public orientation and rapid growth in the industry, they receive widespread attention.”
Related Reports
Daily Report on the Coin Market: Bitcoin rebounds after falling below $38,500, Ethereum briefly falls below $2,200, Grayscale sells another 15,000 BTC.
Bitcoin faces massive sell-off from Mt. Gox! Announces the start of claims: 200,000 BTC may be unlocked in the next two months.
The culprit behind Bitcoin’s drop below $40,000? Insider: FTX sells nearly $1 billion of Grayscale GBTC.