U.S. Bitcoin ETFs Secure 4% of Total Supply, Surpassing Grayscale’s GBTC Holdings

Currently, U.S. spot bitcoin ETFs collectively possess approximately 4% of the entire 21 million BTC supply. These nine recently established ETFs are projected to surpass Grayscale’s GBTC fund in bitcoin holdings by the end of today.

The surge in U.S.-listed spot bitcoin ETFs continues, with yesterday’s net inflows totaling $472.6 million across the market. Fidelity’s FBTC ETF set a new record with a single-day net inflow of $473.4 million, contrasting with Grayscale’s GBTC fund, which experienced a single-day net outflow of $374.8 million due to its higher fees.

The combined net asset value of all spot bitcoin ETFs now exceeds $54 billion, with total net inflows reaching $9.37 billion. This data underscores that spot bitcoin ETFs now possess slightly over 4% of the total bitcoin supply, as highlighted by data analyst hildobby.

Moreover, the nine newly established spot bitcoin ETFs, known as the “newborn nine,” are poised to exceed GBTC’s holdings. According to K33 Research senior analyst Vetle Lunde, GBTC held 400,186 bitcoins yesterday, while the “newborn nine” held 397,847 coins.

In related developments, BlackRock intends to invest in its own spot bitcoin ETFs, along with other bitcoin ETFs, through its Global Allocation Fund, which boasts assets nearing $18 billion.

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