Spot Bitcoin ETFs Hold 3.3% of Current BTC Supply

Joshua Ramos
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Source: Twitter

In what is a testament to the prevalence of the newly approved investment vehicles, Spot Bitcoin ETFs in the US hold 3.3% of the current BTC supply. Indeed, the development notes what is a massive shift in Bitcoin dynamics. Less than a month into its existence, the products have signified a growing interest in institutional Bitcoin investment.

Moreover, the investment products had ended the month of January with $197 million in net inflows into Spot Bitcoin ETFs. Subsequently, that was the fourth consecutive day of net inflows for the product that received its approval just 10 days into the new year.

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Spot Bitcoin ETFs Already Hold Over 3% of All Bitcoin

Throughout the last several months of 2023, the anticipation for Spot Bitcoin ETFs in the United States reached a fever pitch. As the year came to a close, the digital asset market did not have to wait long for that anticipation to be rewarded with the investment product.

Indeed, on January 10th, the US Securities and Exchange Commission (SEC) greenlit 11 of the Bitcoin ETFs. Although they have not yet had the impact on the market’s value as many would have hoped, they have been an undeniable success. Specifically, in terms of shifting the prevalence of institutional Bitcoin investment.

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Source: Bitcoin Wisdom

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Less than a month into its existence, Spot Bitcoin ETFs already represent 3.3% of the entire BTC supply. Moreover, this is not just an impressive remark on their success, it is a clear note of growing confidence in Bitcoin as a viable asset. Especially among institutional investors who have taken full advantage of the various offerings.

Additionally, data from Swan Media notes that only about 10% of all Bitcoin is in ETFs, funds, private and public companies, or governments. Specifically, this means that the rest of all BTC is in the hands of individuals, or lost. Altogether, this shows a clear maturity of the market, with the asset growing in perception among asset management firms and institutions.