Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»4% of the total Bitcoin supply is currently backed by US spot ETFs.
ADOPTION NEWS

4% of the total Bitcoin supply is currently backed by US spot ETFs.

By Crypto FlexsMarch 8, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
4% of the total Bitcoin supply is currently backed by US spot ETFs.
Share
Facebook Twitter LinkedIn Pinterest Email
Funding • March 8, 2024 6:24 AM EST

Posted 1 minute ago In ~

Updated: March 8, 2024 7:04 AM EST

The spot Bitcoin exchange-traded fund recently listed in the U.S. continues to suck up Bitcoin and currently holds about 4% of the total 21 million Bitcoin. BTC

+0.57%
supply.

Total net inflows into US-listed spot Bitcoin ETFs yesterday were $472.6 million. data From BitMEX Research. At the same time, Fidelity’s FBTC Spot Bitcoin ​​ETF recorded daily net inflows of $473.4 million, a record high. In contrast, Grayscale’s GBTC high-cost fund recorded net outflows of $374.8 million per day.

Additionally, the total net asset value of all spot Bitcoin ETFs reached over $54 billion, with cumulative net inflows reaching $9.37 billion.

This latest data means that spot Bitcoin ETFs currently hold over 4% of the total supply of the major cryptocurrency. highlighted Written by Dragonfly data analyst known as hildobby.

Additionally, nine new spot Bitcoin ETFs, dubbed the “newborn nine,” are on pace to hold more Bitcoin than Grayscale’s converted GBTC fund by the end of today’s US market session.

According to Vetle Lunde, senior analyst at K33 Research, GBTC holds 400,186 bitcoins as of yesterday, while the “Newborn 9” US Spot Bitcoin ETF holds 397,847 coins.

In related news BlackRock plans to purchase its own spot Bitcoin ETF and other Bitcoin ETFs through its Global Allocation Fund, which holds close to $18 billion in assets.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Adam is Editor-in-Chief for Europe, Middle East and Africa. He lives in Central Europe and was the editor-in-chief and podcast host at OKX Insights, the former research arm of cryptocurrency exchange OKX. Prior to that, he co-founded and served as Editor-in-Chief of BeInCrypto.com, growing it into one of the leading cryptocurrency media brands. He previously served as Editor-in-Chief of Bitcoinist.com. Before joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He tweets at @XBT002 and can be emailed at (email protected).

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025

The US government checks the economic data on the chain with 60% Pyth Rocket 60% Pyth Network.

August 28, 2025

GCL Subsidiary, 2Game Digital, Partners With KuCoin Pay To Accept Secure Crypto Payments In Real Time

August 28, 2025

Tether Announces Plan To Bring USD₮ To RGB, Advancing Native Stablecoins On Bitcoin And Lightning

August 28, 2025

Ether Leeum Game Football. Fun market caps increase 10 times within two weeks.

August 28, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025
Most Popular

Amid these bullish signs, we map Bitcoin Cash’s rally past $600.

December 4, 2024

Fidelity Bitcoin ETF to Trade on CBOE, but No Comments from SEC

January 3, 2024

50X Crypto Gems in 2024: Whales Investing Big in BlockDAG, Ditch Solana, and Meme Moguls

February 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.