Franklin

Bitcoin

Spot

It's been nearly two weeks since the Bitcoin Spot ETF products were approved, and the amount of Bitcoin (BTC) held by ETF holders appears to be quite high. 
<ul> 
 <li>Fidelity holds 31,976 BTC worth $1,329,331,948.70.</li> 
 <li>BlackRock owns 33,430 BTC worth $1,302,220,918.76.</li> 
 <li>Bitwise holds 11,188 BTC worth $445,738,100.59.</li> 
 <li>Franklin Templeton owns 1,276 BTC worth $48,574,389.01.</li> 
 <li>Grayscale owns 558,280 BTC worth $28,386,046,671.59.</li> 
</ul> 
Related News: <a href="https://en.bitcoinsistemi.com/where-will-bitcoin-go-from-here-as-the-decline-dominates-two-analysts-comment/" target="_blank" rel="dofollow">Where Will Bitcoin Go From Here as the Decline Dominates? Two Analysts Comment</a> 
According to data as of Monday, 10 Bitcoin ETFs have recorded a total of $1.1 billion in net inflows so far this month. This includes the impact of Grayscale's Bitcoin Trust, which has seen outflows of around $3.5 billion so far as investors dump long-held stocks. 
“GBTC outflows have introduced a dynamic that needs to normalize in the market before we see true price discovery,” said Leah Wald, CEO of digital asset investment firm Valkyrie Investments. 
Bitcoin has surged nearly 160% in the past year, outperforming traditional assets like stocks amid speculation that ETFs will drive broader adoption of cryptocurrencies by institutional and individual investors. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/amount-of-btc-held-by-bitcoin-spot-etf-companies-has-been-revealed-heres-how-much-blackrock-and-others-hold/">Amount of BTC Held by Bitcoin Spot ETF Companies Has Been Revealed: Here’s How Much BlackRock and Others Hold</a>

Amount of BTC Held by Bitcoin Spot ETF Companies Has Been Revealed: Here’s How Much BlackRock and Others Hold

Bitcoin Sistemi EN

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