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MicroStrategy Head Highlights Bitcoin ETF Milestone
MicroStrategy head and Bitcoin advocate Michael Saylor recently shared a major milestone in the Bitcoin ETF market through a post on Twitter. He pointed out that over 1 million BTC, equivalent to 1 Nakamoto, are currently held in spot Bitcoin exchange-traded funds (ETFs).
Bitcoin ETF Holdings Overview
In his post, Saylor mentioned that there are now 32 Bitcoin spot ETFs collectively holding approximately 1 Nakamoto of BTC. This significant development follows the approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) earlier this year.
Key Players in Bitcoin ETF Holdings
According to data shared by Michael Saylor, a substantial portion of the Bitcoin holdings are in Bitcoin spot ETFs based in the US. Notably, the two largest funds in terms of BTC holdings are the Grayscale Bitcoin Trust and BlackRock’s iShares Bitcoin Trust, each holding around 289,040 BTC and 287,168 BTC, respectively.
The total combined BTC holdings of these ETFs amount to 1,002,343 BTC, which represents 5% of the circulating Bitcoin supply. At the current valuation, this holding is valued at approximately $67.9 billion.
Following these leading ETFs, the Fidelity WiseOrigin Bitcoin Trust holds 161,538 BTC, while the Ark 21Shares Bitcoin ETF has a stash of 48,444 BTC. Additionally, the Canadian Purpose Bitcoin ETF holds 27,110 BTC outside the US market.
MicroStrategy’s Bitcoin Holdings
MicroStrategy, led by Michael Saylor, stands as the largest corporate holder of Bitcoin, with a total of 214,400 BTC valued at $14.58 billion on its balance sheet. This information is supported by data from saylortracker.com, a platform that monitors MicroStrategy’s Bitcoin investment performance.
Bitcoin ETFs Gain Traction
The Bitcoin spot ETF market is witnessing a growing trend, even following the recent approval of Ethereum ETFs by the SEC. The achievement of holding ‘1 Nakamoto’ in Bitcoin ETFs signifies the increasing impact of these funds and the rising institutional adoption of Bitcoin.
Michael Saylor has also expressed support for the approval of Ethereum ETFs, stating that such developments are beneficial for Bitcoin. In an interview, Saylor emphasized that Bitcoin will continue to lead the crypto asset class as more opportunities emerge in the market.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
