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Worldwide, Bitcoin ETFs now manage more than 1 million BTC of the total cryptocurrency supply, almost totaling 5%. This milestone, taken from bold.report on May 23, demonstrates increasing investor confidence in crypto as an asset class. In the lead are Grayscale with its GBTC and BlackRock’s IBIT, which have 293,000 BTC and 284,526 BTC under management, respectively—an outcome built in a stable manner by the former.
BTCetc from Germany and Sweden’s One have under management significant amounts, which showcases how international interest continues to be strong and closer to 55 thousand BTC, hinting at robust European market activity. Currently, Brazil’s HASH11 shows the growing market representation in Latin America, with more than 7,900 BTC under its management. The recent crypto in Hong Kong ones is relatively modest since, at the moment, only 5,789 BTC are under management. Meanwhile, emerging market exposure in Bitcoin ETFs continues to drive the crypto industry, increasing mainstream finance opportunities.
