Bitcoin ETF Holdings Surpass $70B Equating 5% of All BTC Supply

Coingapestaff
June 10, 2024 Updated April 25, 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Bitcoin ETFs Surpass Satoshi Nakamoto's BTC Holdings

Highlights

  • Global Spot Bitcoin ETF holdings surpass $70 billion, comprising 5% of BTC supply.
  • Leading asset management firms drive exponential growth in Spot Bitcoin ETF adoption.
  • Bitcoin's price consolidates despite significant institutional inflows, signaling market resilience.

In a significant milestone for the cryptocurrency industry, the total holdings of global Spot Bitcoin ETFs have surpassed $70 billion, equating to approximately 5% of the total Bitcoin (BTC) supply. This development highlights the increasing institutional interest and investment in Bitcoin as an asset class.

Advertisement
Advertisement

Rise of Spot Bitcoin ETFs

Spot Bitcoin ETFs have emerged as a dominant force in the cryptocurrency market, with holdings now exceeding $70 billion, equivalent to 5% of the total Bitcoin supply. As of March 2024, these ETFs collectively held approximately 776,464 BTC. This surge in Spot Bitcoin ETFs is largely driven by leading asset management firms like BlackRock and Grayscale, signaling growing institutional adoption and confidence in Bitcoin.

The exponential growth of Spot Bitcoin ETFs has also had a noticeable impact on Bitcoin’s price, with the cryptocurrency reaching an all-time high above $73,000 earlier in March 2024. This surge in price reflects the increasing demand for Bitcoin among institutional investors and highlights its growing acceptance as a legitimate investment vehicle.

Also Read: South Korea To Unveil Stringent Rules for Digital Assets, Here’s All

Advertisement
Advertisement

Bitcoin Market Dynamics and Current Outlook

Despite the significant inflows into Spot Bitcoin ETFs, the cryptocurrency market has witnessed a period of consolidation, with Bitcoin trading sideways and experiencing periodic declines. However, recent data indicates a resurgence in investor interest, with inflows into digital asset investment products totaling $2 billion in the past week alone.

Bitcoin led the inflows, attracting a staggering $1.97 billion in investments. As of the latest update, the price of Bitcoin stands at $69,414.92, with a 24-hour trading volume of $15.4 billion. While experiencing a slight decline of -0.10% in the last 24 hours, Bitcoin has recorded a modest 0.47% increase in the past 7 days.

With a circulating supply of 20 million BTC, Bitcoin currently boasts a market capitalization of $1.3 trillion, underscoring its status as the leading cryptocurrency by market value. Despite short-term fluctuations, the overall trajectory of Bitcoin remains positive, driven by increasing institutional adoption and growing investor confidence in its long-term potential.

Also Read: Polkadot Makes Big Moves In RWA, Here’s Why DOT Price Is Largely Undervalued

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.