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Breaking records in the financial world, nine recently introduced spot bitcoin exchange-traded funds (ETFs) have amassed an astonishing 200,000 BTC in assets within just one month of trading.
As per latest data from K33 Research, these nine ETFs, including major players such as BlackRock’s IBIT and Fidelity’s FBTC, now collectively oversee 203,811 BTC, valued at approximately $9.5 billion based on yesterday’s market close. This extraordinary growth underscores the burgeoning institutional interest in Bitcoin as a viable investment avenue.
To add perspective, the cumulative holdings of these ETFs represent nearly 1% of the entire Bitcoin supply, demonstrating a substantial inflow of institutional capital into the crypto market. Notably, IBIT leads the pack with an impressive 80,000 BTC, closely followed by FBTC with over 68,000 BTC.
Meanwhile, traditional investment vehicles like Grayscale’s converted GBTC fund have witnessed a decline in assets, further emphasizing the rising preference for ETFs as a means to gain exposure to Bitcoin. This rapid surge in ETF adoption marks a pivotal moment in the mainstream acceptance of cryptocurrencies within the financial sector.
