1 year ago
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The post United States In Total Hold 638,900 BTC Approximately 27 billion by Market Value appeared first on Coinpedia Fintech News
The day spot Bitcoin ETF got approved it gained notable attention worldwide and got listed on exchanges. Spot Bitcoin ETF approval played a crucial role in the mainstream adoption. The top analyst Ali Martinez shared informative data on how much the United States holds spot Bitcoin ETFs, which is nearly 638,900 BTC worth approximately $27 billion in market value.
#Bitcoin ETFs in the US now hold over 638,900 $BTC, worth around $27 billion! Probably nothing… 
pic.twitter.com/IQbM2DT4FJ
Grayscale Leading the Race
The data seems impressive and shows that Grayscale is the largest holder, till January 19 it had 566,973.4051 BTC. Grayescale helped establish Bitcoin ETFS as the second-largest commodity ETFS which left Silver behind in the race.
Now, let’s talk about BlackRock, BlackRock (iBIT) stands as the second largest holder in its Bitcoin holdings with a total of 28,622. Fidelity Investments (FBTC) stood in third place with 20,466 BTC held in custody.
Other issuers also have notable holdings as Bitwise (BITB) with 8,294 units, Ark/21Shares (ARKB) with a total of 7,565 BTC, and Invesco/Galaxy (BTCO) whose holdings come in at 1,871 BTC.
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