The US spot Bitcoin ETF reduced its holdings of 55348 bitcoins worth $4.58 billion in just 35 days

PANews
PANews|Mar 16, 2025 23:56
According to Bitcoin.com, the latest data shows that US spot Bitcoin ETFs have reduced their Bitcoin holdings by 4.76% since February 6, 2025. From January 1st to February 6th, these funds added approximately 56802.86 bitcoins to their balance sheets, but over the past 35 days, their holdings have decreased by 55348.00 bitcoins. As of March 14th, the total value of Bitcoin held by these funds was $93.25 billion, accounting for approximately 5.6% of the total market value of Bitcoin. BlackRock's IBIT consolidated its leading position with a net inflow of $39.24 billion and a position of 568559.37 bitcoins. Fidelity's FBTC followed closely behind, ranking second with a total inflow of $11.25 billion and a holding of 194269.83 bitcoins. Meanwhile, despite recording a net outflow of $22.5 billion, Grayscale's GBTC still ranks third with a holding of 193870.05 bitcoins. These three giants - IBIT, FBTC, and GBTC - collectively account for 85.26% of the 1.121 million Bitcoin holdings in the entire ETF group. Although there are currently 12 spot Bitcoin ETFs operating in the market, the 13th competitor may join this competition. On February 14th, Osprey Funds submitted a draft S-1 registration form for its Osprey Bitcoin Trust (OBTC) to the US SEC. As of March 16, 2025, the OBTC has not yet received approval from the SEC, but according to timechainindex. com, the fund holds approximately 1934 bitcoins worth up to $160 million.
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