Bitcoin ETFs Amass 4% of Entire BTC Supply in Under Two Months

U.S.-listed spot Bitcoin ETFs continue to vacuum crypto as their total net asset value reaches a record level.

Larry Fink with a big bag of Bitcoins in a dark room.
Created by Gabor Kovacs from DailyCoin
  • U.S.-based Bitcoin ETFs finished strong on Thursday.
  • The funds now hold over $54 billion in total net asset value.
  • The figure represents a significant percentage of BTC’s entire supply.

The newly listed spot Bitcoin exchange-traded funds (ETFs) in the U.S. continue to gobble up crypto, with the latest data insights indicating the funds are now backed by 4% of the entire 21 million BTC supply.

Since their launch in January, Bitcoin ETFs have gained popularity, outpacing traditional commodities such as Gold and Silver. The funds have seen an influx of billions of dollars, signaling a pivot in the ongoing mainstream adoption of digital assets.

Bitcoin ETFs Are Now Backed By 4% of BTC’s Supply

According to BitMEX Research data shared on March 8, U.S.-listed spot Bitcoin ETFs witnessed total net inflows of 7,018 BTC (about $472.6 million) on Thursday, bringing the cumulative net inflows of the funds since they began trading to 174881.2 BTC (about $9.3 billion).


With the performance, the total net asset value for all spot Bitcoin ETFs now stands at over $54 billion, indicating that the funds now hold nearly 4% of the entire supply of the industry’s largest crypto asset by market cap.

While Fidelity’s FBTC spot bitcoin ETF finished strong on Thursday, bagging a record single-day net inflow of $473.4 million, Grayscale’s GBTC higher fee fund continued bleeding, witnessing a single-day net outflow of $374.8 million.

Interestingly, the “newborn nine” Bitcoin ETFs are likely to hold more BTC than Grayscale’s converted GBTC by the end of Friday trading hours in the U.S. Per K33 Research senior analyst Vetle Lunde. The “newborn nine” held 397,847 BTC against Grayscale’s 400,186 as of Thursday.


Read this article to understand how each spot Bitcoin ETF is different:

Here’s How Each Spot Bitcoin ETF Is Different

Stay updated on the recent BTC rally to a new yearly high:

Bitcoin Breaches $65K in Wild Rally to All-Time High Levels

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.