Grayscale’s GBTC Competitors Raise More Than 100K Bitcoins
According to K33 Research, the total amount of Bitcoin held by spot Bitcoin exchange-traded funds (ETFs) excluding the Grayscale Bitcoin Trust (GBTC) has reached 109,221 BTC (~$4.26 billion).
This data includes products from companies such as BlackRock, Fidelity, Bitwise, Ark 21Shares, Invesco, VanEck, Valkyrie, Franklin Templeton, and WisdomTree.
Out of the new products, IBIT stands out with 40,213 BTC, FBTC with 34,152 BTC, BITB with 8,800 BTC, ARKB with 7,566 BTC, and BTCO with 4,642 BTC.
Experts at Arkham Intelligence have identified the ETF addresses of BlackRock, Fidelity Investments, Bitwise, and Franklin Templeton.
They estimate that IBIT holds 33,431 BTC, FBTC holds 29,907 BTC, BITB holds 10,152 BTC, and EZBC holds 1,660 BTC, with a total value of $46.1 million. K33 Research has also estimated that GBTC holds 564,933 BTC.
