Here is How Much Bitcoin U.S. ETFs Hold

Bitcoin has been on the road to recovery after a price slump to around $53,000 - and spot BTC ETFs have been recording significant inflows.

ETFs in the U.S. currently hold 900,000 Bitcoins, representing 4.3% of the total Bitcoin supply, according to Nate Geraci, president of The ETF Store.

With assets totaling around $60 billion, these ETFs control about 5% of Bitcoin’s market value, which is presently $1.3 trillion. Since their introduction in January, Bitcoin ETFs have attracted $17 billion in net inflows.

Bloomberg analyst Eric Balchunas highlighted the significance of these figures, noting that Bitcoin ETFs saw $17 billion in net flows since the year’s start, independent of Bitcoin’s price rise. This reflects genuine demand and adoption, devoid of false data.

In related developments, prominent U.S. ETF issuers, including BlackRock, Fidelity, Grayscale, and Bitwise, revealed fee structures for upcoming spot Ethereum ETFs.

Most issuers, like BlackRock, set fees at 0.25%, while Grayscale’s Ethereum Trust fee is notably higher at 2.5%. Grayscale also plans to launch a Mini Ethereum ETF with an additional 0.15% fee.