New BTC ETFs Hold Over 178,000 Bitcoin, Drain Massive Liquidity From Market

cryptonews.com:

TDLR:

According to recent reports, the nine new spot Bitcoin ETFs, which were launched on January 11, 2024, have increased their Bitcoin holdings after the closing of trading activity on February 2, 2024. Data shows that Blackrock’s IBIT now holds 72,466.64 Bitcoin, valued at $3.12 billion, while Fidelity’s Wise Origin ETF, FBTC, holds 60,054.87 BTC, approximately valued at $2.58 billion.

Nine ETFs have collectively accumulated 177,949 Bitcoin, with Blackrock’s IBIT and Fidelity’s FBTC holding approximately 75% of the total. While GBTC’s Bitcoin reserves have declined, the newly launched spot Bitcoin ETFs – IBIT, FBTC, ARKB, BITB, BTCO, HODL, BRRR, EZBC, and BTCW have accumulated a significant amount of BTC.

Currently, Blackrock’s IBIT leads among U.S. spot Bitcoin ETFs, excluding Grayscale’s GBTC.

Blackrock’s IBIT now holds 72,466.64 BTC, accounting for 0.369% of the total 19.61 million BTC in circulation. Fidelity’s FBTC follows closely, managing 60,054.87 BTC, representing 0.306% of the circulating Bitcoin.

BTC Held by Other ETFs 

ARKB, managed by Ark, Invest 21 shares, possesses 15,890 BTC, while BITB by Bitwise, holds 15,053.66 BTC. Together, ARKB and BITB control 30,943.66 BTC, equivalent to 0.157% of the circulating Bitcoin supply.

Additionally, the Invesco Galaxy ETF controls 7,081 BTC, constituting 0.036% of the total Bitcoin supply. Vaneck’s HODL ETF safeguards 2,998.48 BTC, while Valkyrie’s BRRR ETF has gathered 2,649.46 BTC.

Franklin Templeton’s EZBC fund holds 1,479 BTC, and Wisdomtree’s BTCW maintains a position of 276 BTC. Together, these four ETFs collectively possess 7,402.94 BTC, which is 0.037% of the total circulating bitcoins.

Total BTC Supply

In total, the nine ETFs manage a substantial sum of