Bitcoin

Million

Spot

Billion

BlackRock

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Global Bitcoin investment vehicles now manage over one million BTC, valued at around $67 billion.</li> 
 <li>The majority of these investments are attributed to U.S. spot and futures Bitcoin ETFs.</li> 
</ul>  
<p>Bitcoin investment vehicles worldwide, which include recently established spot exchange-traded funds (ETFs) in the U.S., now oversee more than one million <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin (BTC)</a>.</p> 
<p>This is equivalent to approximately $67 billion, highlighting the growing interest in incorporating cryptocurrency into investment portfolios.</p> 
<h2 id="bitcoin-etfs-dominate">Bitcoin ETFs Dominate</h2> 
<p>Over 83% of these figures are credited to U.S. spot and futures Bitcoin ETFs, as reported by cryptocurrency research firm K33. Europe and Canada are the second and third largest markets for Bitcoin investment vehicles, respectively.</p> 
<p>These investment vehicles collectively manage 1,008,436 BTC, or 5.13% of Bitcoin’s circulating supply as of March 4, according to K33.</p> 
<p>Senior analyst at K33, Vetle Lunde, stated that crossing one million Bitcoins under management in investment vehicles is a significant milestone. He added that these vehicles have significantly altered the Bitcoin market structure.</p> 
<h2 id="spot-bitcoin-etfs">Spot Bitcoin ETFs</h2> 
<p>Of the more than 1 million BTC, nearly 700,000 BTC are managed solely by the recently launched spot Bitcoin ETFs in the U.S., as per Glassnode data.</p> 
<p>Since their debut in January of this year, U.S. spot Bitcoin ETFs are racing to outperform gold ETFs, which have been operational since 2004. The combined assets under management of U.S. spot Bitcoin ETFs have reached over $52.5 billion as of March 4, according to BitMEX Research data.</p> 
<p>On March 4, U.S. spot Bitcoin ETFs saw net inflows worth over $562 million. Fidelity’s FBTC fund alone contributed a record inflow of over $404 million, according to BitMEX data.</p> 
<p>BlackRock and Fidelity remain the leaders in the spot Bitcoin ETFs space, with their combined assets under management of over $19 billion as of March 4, per BitMEX data.</p>

Over $67 Billion Collectively Held by Bitcoin Investment Vehicles, Exceeds 1 Million BTC

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