U.S. Bitcoin Spot ETFs Surpass 850,000 BTC in Holdings

IconCryptoNewsTerminal Staff23 May, 2024

cryptonews.jpg

U.S. Bitcoin Spot ETFs Surpass 850,000 BTC in Holdings

CoinDesk reported that the total Bitcoin (BTC) holdings of various spot ETFs in the U.S. have surpassed 850,000 BTC, currently standing at 850,707 BTC. Grayscale's GBTC holds the most significant share with 289,300 BTC, followed by Blackrock's IBIT with 283,200 BTC. Notably, U.S. Bitcoin spot ETFs experienced a surge in net fund inflows, reaching $154 million on the 23rd (local time).