Spot Bitcoin exchange-traded funds (ETFs) in the United States have accumulated a total amount of $27 billion in BTC as of January 17.
According to research released by CoinGecko this Thursday (18), the Grayscale Bitcoin Trust (GBTC) stands out among Bitcoin ETFs, holding US$25.3 billion. This value represents 93.4% of the total Bitcoin held by Bitcoin ETFs in the United States. It is worth noting that the Grayscale Bitcoin Trust (GBTC), launched in 2013, enjoys a 10-year advantage compared to newcomer ETFs. Last week, when the US Securities and Exchange Commission (SEC) approved BTC ETFs, it also gave the green light to transition the manager's BTC trust into an ETF.
The second largest Bitcoin ETF is BlackRock's iShares Bitcoin Trust (IBIT), which holds a total of $698.1 million in BTC. However, its 2.6% market share remains significantly lower compared to GBTC.
Fidelity's Wise Origin Bitcoin Fund (FBTC) ranks third with $523 million in Assets Under Management (AUM) and a market share of 1.93%.
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