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Home»Bitcoin»Major BTC ETFs Add $862.79M in Bitcoin Holdings, Reports Lookonchain
Bitcoin

Major BTC ETFs Add $862.79M in Bitcoin Holdings, Reports Lookonchain

NBTCBy NBTC10/06/2024No Comments2 Mins Read
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The prominent nine BTC ETFs have recently included a significant amount of tokens. As per Lookonchain (a well-known platform for on-chain analytics), the respective exchange-traded funds have added worth of nearly $862.79 million with these tokens. Bitcoin inflows into spot ETFs have been positive for a long period now as 15 days have past with variable inflows. The analytics platform took to social media forum X to provide the details about the respective ETFs.

Jun 5 Update:

9 ETFs added 12,165 $BTC($862.79M).#Blackrock added 3,894 $BTC(+$276.19M) and currently holds 295,457 $BTC($20.95B).#Fidelity added 5,378 $BTC(+$381.42M) and currently holds 170,611 $BTC($12.1B).https://t.co/CteFrs7Jck pic.twitter.com/aDr5Ijo83t

— Lookonchain (@lookonchain) June 5, 2024

9 ETFs Include 12,165 BTC, Says Lookonchain

In its recent post, the company noted that Blackrock obtained a significant position in this respect. According to the analytics provider, the exchange-traded fund added approximately 3,894 $BTC tokens. These coins account for a huge amount of more than $276.19 million. Apart from that, it also revealed the present BTC holdings of the ETF.

It mentioned that the exchange-traded fund possesses up to 295,457 $BTC tokens. These coins equal a handsome amount of nearly $20.95 billion. Following that, Lookonchain discussed Fidelity and its fund inclusion. It asserted that the exchange-traded fund incorporated up to 5,378 $BTC tokens. These tokens reportedly equal a worth of approximately +$381.42 million.

ETFs Other Than Blackrock and Fidelity Include Relatively Less BTC

Lookonchain added that the respective exchange-traded fund holds almost 170,611 $BTC coins at the moment. It also brought to the front that the respective tokens equal $12.1 billion in terms of worth. In addition to this, the analytics forum also shared a chart providing the details about the 9 exchange-traded funds. Following Blackrock and Fidelity, the analytics platform ranked ARK 21Shares Bitcoin ETF in the 3rd place.

The exchange-traded fund reportedly included above 1,968 BTC. Currently, it owns nearly 49.298 Bitcoin. Bitwise Bitcoin ETF occupies the next spot with the inclusion of more than 867 BTC. At present, the exchange-traded fund has 37,844 BTC tokens in its holdings.

Invesco Galaxy Bitcoin ETF and Vaneck Bitcoin Trust account for the inclusion of +19 and +28 BTC coins respectively. Valkyrie Bitcoin Fund has reportedly included +23 BTC with its current holding reaching 8,600 BTC.


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