These Spot Bitcoin ETFs Surpass MicroStrategy’s BTC Holdings

Excluding GBTC, the issuers of spot Bitcoin ETFs collectively possess nearly 1% of the circulating supply.

Feb 12, 2024 - 16:30
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These Spot Bitcoin ETFs Surpass MicroStrategy’s BTC Holdings

Nine newly launched spot Bitcoin ETFs have collectively accumulated 216,309 Bitcoins (worth $10.3 billion) in just 21 days after launching.

According to HODL15Capital, the Bitcoin collection now surpasses the holdings of MicroStrategy, which owns 190,000 BTC, having begun accumulating portions of the asset in August 2020.

Bitcoin ETFs Accumulate Substantial Holdings

The ETFs, BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Valkyrie (BRRR), Franklin Templeton (EZBC), Ark 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), and WisdomTree (BTCW), now control nearly 1% of the total Bitcoin supply, which is capped at 21 million BTC.