Quick Take
According to data from the Bold Report, Bitcoin exchange-traded products (ETPs) have achieved a significant milestone, accumulating over 1 million BTC. This translates to an impressive $74 billion in assets under management (AUM).
This accumulation represents more than 5% of Bitcoin’s circulating supply, which is approximately 19.7 million Bitcoin. In mid-March, these investment vehicles reached a peak of 1.1 million BTC held, with an AUM of around $76 billion.
The ProShares Bitcoin Strategy ETF (BITO) stands out, currently holding approximately 43,400 Bitcoin valued at $3 billion in AUM. Remarkably, BITO has experienced continual inflows each month since the introduction of spot Bitcoin ETFs in January, according to the Bold Report.
| Ticker | Name | Jan | Feb | Mar | AUM |
|---|---|---|---|---|---|
| GBTC | Grayscale Bitcoin Trust | -135,418 | -53,392 | -94,544 | $23.6B |
| IBIT | iShares Bitcoin Trust | +61,045 | +87,912 | +101,094 | $17.83B |
| FBTC | Fidelity Wise Origin Bitcoin | +45,828 | +52,995 | +40,889 | $10.24B |
| ARKB | ARK 21Shares Bitcoin ETF | +15,391 | +18,408 | +10,700 | $3.16B |
| BITB | Bitwise Bitcoin ETF | +15,074 | +9,685 | +7,079 | $2.242B |
| BITO | ProShares Bitcoin Strategy ETF | +3,305 | +496 | +1,678 | $3.033B |
Source: Bold.Report
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