Spot Bitcoin ETF issuers now oversee 3.07% of the total 21 million Bitcoin supply, with more than 645,000 BTC under management. Notable ETFs and their assets include:
- iShares Bitcoin Trust (IBTC) by BlackRock: $497.9 million, approximately 11,439 BTC.
- ARK 21Shares Bitcoin ETF (ARKB) by ARK Investment and 21Shares: $110.9 million, about 2,535 BTC.
- Bitwise Bitcoin ETF (BITB) by Bitwise: $242.9 million, roughly 5,550 BTC.
- Fidelity Advantage Bitcoin ETF (FBTC) by Fidelity: $142 million, around 3,319 BTC.
- Franklin Bitcoin ETF (EZBC) by Franklin Templeton: $49.5 million, about 1,131 BTC.
- Grayscale Bitcoin Trust (GBTC) by Grayscale: $26.9 billion, approximately 617,080 BTC.
- Invesco Galaxy Bitcoin ETF (BTCO) by Invesco: $49.5 million, about 1,131 BTC.
- VanEck Bitcoin Trust (HODL) by VanEck: $81.7 million, around 1,867 BTC.
- The Valkyrie Bitcoin Fund (BRRR) by Valkyrie: $48.2 million, about 1,102.8 BTC.
- WisdomTree Bitcoin Fund (BTCW) by WisdomTree: $3.1 million, approximately 74 BTC.
Grayscale Bitcoin Trust remains the largest BTC holder, with 617,000 BTC, constituting 2.9% of Bitcoin’s total issuance.
Microstrategy remains the largest private BTC holder, with approximately 189,000 BTC, valued at around $8.09 billion as of January 16th.
Despite BlackRock’s rapid $2 billion spot Bitcoin ETF uptake, its absence from the current list raises questions. SEC Chair Gary Gensler’s recent CNBC interview suggested concerns about Bitcoin’s centralization, stating that approving spot Bitcoin ETFs contradicts Satoshi Nakamoto’s vision of decentralization.
Gensler emphasized the speculative nature of Bitcoin, cautioning investors about its volatility and potential illicit uses. This perspective marks a shift from his previous lectures on Bitcoin and blockchain at MIT, raising curiosity about his evolving views.