Amid the rising demand, the nine recently launched U.S. spot bitcoin Exchange-Traded Funds (ETFs) have rapidly accumulated over 300,000 BTC, valued at a staggering $17 billion, within less than two months of their public debut.

According to data by K33 Research, bitcoin ETFs, namely BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark Invest 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC), and WisdomTree (BTCW), have garnered immense popularity among investors.

BTC held by the 9 ETFs — SourceBlackRock and Fidelity Lead

As of the latest market close, the total bitcoin holdings of these spot ETFs constitute almost 1.5% of the entire supply of 21…

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