Bitcoin ETPs Hold Over 1 Million Bitcoins in Custody
Main page News, Bitcoin

The total number of Bitcoins under custody of exchange-traded products (ETPs) has exceeded 1 million worldwide.

These ETPs have accumulated a total of 855,619 BTC since spot Bitcoin ETFs were launched in the United States in mid-January. On average, they are acquiring 6,200 BTC per day.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

According to data from HODL15Capital, 21 other Bitcoin exchange-traded products are offered in countries such as Canada, Germany and Brazil, bringing the total number of Bitcoins held to 1,002,343 BTC.

This is estimated to be worth $68 billion and represents 5.08% of the current supply of Bitcoins in circulation.

Grayscale's GBTC remains the largest fund holding the asset, with around 289,040 BTC. BlackRock's iShares Bitcoin Trust (IBIT) fund is in second place with 287,168 BTC valued at $19.8 billion.

Read also:
Please describe the error