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According to VanEck’s recent report, about $175 billion worth of Bitcoin is currently held across ETFs, countries, public companies, and private companies. The chart shows ETFs holding the largest portion with $74.5 billion, followed by countries at $40.7 billion, private companies with $37.8 billion, and public companies holding $22.3 billion. This collective holding represents approximately 15% of the total Bitcoin supply, with CoinGecko estimating Bitcoin’s total market cap at $1.2 trillion as of Wednesday.
VanEck, which launched a spot Bitcoin ETF in January, managing $600 million in assets, emphasized the growing acceptance of Bitcoin among institutions and businesses. They highlight the increased interest from hedge funds, asset management firms, and endowments in Bitcoin as a store of value. VanEck also underscored the development of infrastructure that allows easier use of Bitcoin by the average person, citing the increasing number of merchants and businesses now accepting Bitcoin payments.
