Bitcoin ETFs Hold 1 Million BTC, Representing 5.08% of Circulating Supply
CryptoNewsTerminal Staff28 May, 2024
Bitcoin ETFs Hold 1 Million BTC, Representing 5.08% of Circulating Supply
The amount of Bitcoin (BTC) held by all Bitcoin exchange-traded funds (ETFs) globally has reached approximately 1 million BTC, representing around 5.08% of the current circulating supply of 19,704,484. Since the launch of the first physically backed Bitcoin ETF in the United States in mid-January, 11 U.S.-based ETFs have accumulated 855,619 BTC, amassing an average of 6,200 BTC per day. The report also highlighted inflows into 21 Bitcoin ETF funds offered in Canada, Germany, Brazil and other countries, bringing the total holdings of Bitcoin ETF funds to 1,002,343 BTC ($68 billion) in just four months.
