During the eighth week after its launch, according to collected data,
it is evident
 that there is a significant increase in the amount of Bitcoin held by spot ETFs among the top four funds.
An Increase in Bitcoin Spot ETF Holdings Reflects Growing Investor Demand
BlackRock’s iShares Bitcoin ETF (IBIT) leads the way with an increase of 34,270 BTC, followed by Fidelity’s FBTC with an increase of 12,243 BTC, ARK 21Shares ARKB with 3,922 BTC, and Bitwise’s BITB with 2,192 BTC.
This increase in holdings of spot Bitcoin ETFs highlights the surging demand for BTC among investors and institutions. Notably, BlackRock’s IBIT proudly boasts an Assets Under Management (AUM) of $10.03 billion, surpassing the AUM of the largest silver ETF SLV, ranking third among commodity ETFs. Fidelity’s FBTC, ARK 21Shares ARKB, and Bitwise’s BITB rank fifth, ninth, and eleventh, respectively, in terms of AUM.
These spot Bitcoin ETFs have attracted billions of dollars from investors looking to gain exposure to Bitcoin without owning it directly, in less than two months since their inception. Notably, Grayscale’s GBTC, transitioning to a spot product alongside these funds, started with approximately 630,000 bitcoins. However, recent months have seen an outflow from GBTC, reducing its holdings to just over 428,000 bitcoins.
