- Bitcoin spot ETFs now collectively hold over 1 million BTC, worth around $70.5 billion and representing about 5% of the global Bitcoin supply.
- The Grayscale Bitcoin Trust and BlackRock’s iShares Bitcoin Trust hold the largest amounts, with around 287,000 BTC each.
- Bitcoin ETFs allow investors to gain exposure to Bitcoin through a familiar investment vehicle, including in tax-advantaged accounts, and provide a way for large institutions to invest in Bitcoin indirectly.
Grayscale and BlackRock collectively hold more than half of the $70.5 billion in BTC ETFs funds, representing about 5% of the circulating BTC supply worldwide. The rapid growth of Bitcoin ETFs signals increasing institutional adoption.
Bitcoin ETF Growth
Over 1 million BTC are now held in custody by Bitcoin exchange-traded funds (ETFs) designed to track the asset’s price performance. More than 30 Bitcoin ETFs collectively owned 1,002,343 BTC as of May 24, worth $70.5 billion in total.
The two largest funds are Grayscale Bitcoin Trust (289,040 BTC) and BlackRock’s iShares Bitcoin Trust (287,168 BTC), together holding over half of all Bitcoin ETF assets. Other major funds include Fidelity Wise Origin Bitcoin Trust (161,538 BTC), Ark 21Shares Bitcoin ETF (48,444 BTC), and Bitwise Bitcoin ETF (36,185 BTC).
First-quarter reporting showed over 20% of exposure to US spot Bitcoin ETFs was from large institutions. As ETFs become more mainstream, this signals growing institutional adoption.
Outlook
Experts predict Bitcoin ETF assets could reach hundreds of billions in the coming years. ETFs provide an easy way for large investors to gain Bitcoin exposure within existing portfolios and tax-advantaged accounts. The approval of Bitcoin ETFs represents a major milestone for crypto adoption.
Conclusion
With over 1 million BTC now held by ETFs, and increasing institutional exposure, these funds look poised to drive further mainstream adoption of digital assets. The growth of Bitcoin ETFs reflects crypto’s evolution into a mature asset class.
