Glassnode: BlackRock, Fidelity, and Fidelity’s Bitcoin ETF cost benchmarks range from $54,900 to $59,100
Data from on-chain analytics company Glassnode shows that institutional demand for regulated Bitcoin exposure is very strong. The total assets under management of the US spot ETF now have a market value of $58 billion, holding about 4.6% of the circulating Bitcoin supply. BlackRock, Fidelity, and Grayscale are the largest spot Bitcoin ETFs in the US, and if the price of Bitcoin deposited into these ETFs is marked as a reference point for estimating their average acquisition cost, the cost benchmarks for these ETFs are between $54,900 and $59,100.
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