Within the last few weeks since spot Bitcoin ETF launched, eight of the ten filers who <\/span>received approval<\/span><\/a> from the United States Securities and Exchange Commission (SEC) have accumulated up to 268,149 BTC units.<\/span><\/p>\n The value of the accumulated Bitcoin for all of the ETFs was estimated to be $13.9 billion with BlackRock leading the group.\u00a0<\/span><\/p>\n <\/p>\n According to crypto analytics firm Lookonchain, the popular asset management firm has gathered 119,681 BTC worth approximately $6.23 billion. The growth of BlackRock\u2019s Bitcoin portfolio has been relatively progressive.<\/span><\/p>\n As of January 10, BlackRock\u2019s IBIT had 228 Bitcoin in its Portfolio, FBTC 440 BTC, Bitwise Bitcoin ETF 57 BTC, and ARK 21Shares had 210 BTC amongst others. Of all the ETF applicants at the time, Grayscale GBTC had the highest Bitcoin holding (619,162 Bitcoin) while Invesco Galaxy had none.\u00a0<\/span><\/p>\n Since the #Bitcoin<\/a> ETF launched, 8 ETFs have accumulated a total of 268,149 $BTC<\/a>($13.97B).#iShares<\/a>(#Blackrock<\/a>) has accumulated the most with 119,681 $BTC<\/a>($6.23B).https:\/\/t.co\/1Tdx0iAlGK<\/a> pic.twitter.com\/s9GedBKkGR<\/a><\/p>\n <\/p>\n \u2014 Lookonchain (@lookonchain) February 19, 2024<\/a><\/p>\n<\/blockquote>\n One month later, each of these issuers experienced significant growth and successfully grew their BTC portfolio.\u00a0<\/span><\/p>\n <\/p>\n IBIT\u2019s holdings have jumped to 87,780 BTC, FBTC to 69,434 BTC, and even Invesco has accumulated 7,568 BTC thus far. Not all the issuers have commensurate growth and rather than experience growth like other spot Bitcoin ETF players, Grayscale\u2019s portfolio dropped to 466,535 BTC.\u00a0<\/span><\/p>\n The drop in Grayscale\u2019s Bitcoin holding was a result of the <\/span>huge outflows<\/span><\/a> the platform has seen over the past few weeks.\u00a0<\/span><\/p>\n These outflows were consistent, indicating a need for more interest from holders. Despite this gloom, in recent times, <\/span>Grayscale\u2019s outflows have reduced<\/span><\/a> to a significant level than when the ETFs were first greenlighted.<\/span><\/p>\n <\/p>\n Looking at the current Bitcoin holding of all of the spot Bitcoin ETF issuers, it is obvious that Grayscale\u2019s portfolio decreased by only 2,555 Bitcoins between February 15 and February 16. Currently, Grayscale has 459,428 BTC, BlackRock has 115,990 BTC and Franklin Templeton has the lowest Bitcoin holding (1,856 BTC).<\/span><\/p>\n Many experts and market observers believe strongly that the outlook of the Bitcoin ETF market has contributed greatly to the price of Bitcoin. Since the spot Bitcoin ETF market began to record huge flows, the price of Bitcoin has equally experienced a surge. The coin has a <\/span>current market value<\/span><\/a> of more than $52,000 and it still looks like it could garner more gains before the upcoming halving event.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n <\/p>\n Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\nSpot Bitcoin ETF Issuers Growing BTC Portfolio<\/strong><\/h2>\n
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The Overwhelming Grayscale Outflows<\/strong><\/h2>\n
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