{"id":14962,"date":"2024-03-08T18:15:18","date_gmt":"2024-03-08T18:15:18","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=14962"},"modified":"2024-03-08T14:33:45","modified_gmt":"2024-03-08T14:33:45","slug":"u-s-bitcoin-etfs-secure-4-of-total-supply-surpassing-grayscales-gbtc-holdings","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/u-s-bitcoin-etfs-secure-4-of-total-supply-surpassing-grayscales-gbtc-holdings\/","title":{"rendered":"U.S. Bitcoin ETFs Secure 4% of Total Supply, Surpassing Grayscale&#8217;s GBTC Holdings"},"content":{"rendered":"<p>Currently, U.S. spot bitcoin ETFs collectively possess approximately 4% of the entire 21 million BTC supply. These nine recently established <a href=\"https:\/\/coinengineer.net\/blog\/variant-chief-legal-officer-casts-doubt-on-approval-of-ethereum-spot-etfs-by-sec-in-2024\/\">ETF<\/a>s are projected to surpass Grayscale&#8217;s GBTC fund in bitcoin holdings by the end of today.<\/p>\n<p>The surge in U.S.-listed spot bitcoin ETFs continues, with yesterday&#8217;s net inflows totaling $472.6 million across the market. Fidelity&#8217;s FBTC <a href=\"https:\/\/coinengineer.net\/blog\/sec-deferred-ethereum-etf-applications\/\">ETF<\/a> set a new record with a single-day net inflow of $473.4 million, contrasting with Grayscale&#8217;s GBTC fund, which experienced a single-day net outflow of $374.8 million due to its higher fees.<\/p>\n<p>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.<\/p>\n<p>Moreover, the nine newly established spot bitcoin ETFs, known as the &#8220;newborn nine,&#8221; are poised to exceed GBTC&#8217;s holdings. According to K33 Research senior analyst Vetle Lunde, GBTC held 400,186 bitcoins yesterday, while the &#8220;newborn nine&#8221; held 397,847 coins.<\/p>\n<p>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.<\/p>\n<hr \/>\n<p>You can share your opinions in the comments about the topic. Also, follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Twitter<\/strong><\/a>, and\u00a0<strong><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a><\/strong>\u00a0for more content like this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s GBTC fund in bitcoin holdings by the end of today. The surge in U.S.-listed spot bitcoin ETFs continues, with yesterday&#8217;s net inflows totaling $472.6 million across the market. Fidelity&#8217;s<\/p>\n","protected":false},"author":6,"featured_media":13615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,534,297,2093],"class_list":["post-14962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-etf","tag-gbtc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Bitcoin ETFs Secure 4% of Total Supply, Surpassing Grayscale&#039;s GBTC Holdings - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Currently, U.S. spot bitcoin ETFs collectively possess approximately 4% of the entire 21 million BTC supply. 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