Here is How Much Bitcoin U.S. ETFs Hold

Bitcoin has been on the road to recovery after a price slump to around $53,000 - and spot BTC ETFs have been recording significant inflows.

ETFs in the U.S. currently hold 900,000 Bitcoins, representing 4.3% of the total Bitcoin supply, according to Nate Geraci, president of The ETF Store.

With assets totaling around $60 billion, these ETFs control about 5% of Bitcoin’s market value, which is presently $1.3 trillion. Since their introduction in January, Bitcoin ETFs have attracted $17 billion in net inflows.

Bloomberg analyst Eric Balchunas highlighted the significance of these figures, noting that Bitcoin ETFs saw $17 billion in net flows since the year’s start, independent of Bitcoin’s price rise. This reflects genuine demand and adoption, devoid of false data.

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In related developments, prominent U.S. ETF issuers, including BlackRock, Fidelity, Grayscale, and Bitwise, revealed fee structures for upcoming spot Ethereum ETFs.

Most issuers, like BlackRock, set fees at 0.25%, while Grayscale’s Ethereum Trust fee is notably higher at 2.5%. Grayscale also plans to launch a Mini Ethereum ETF with an additional 0.15% fee.

Alexander Stefanov