9 recently launched Bitcoin ETFs outpace GBTC, amassing over 450,000 BTC valued at more than $30 billion.

Recent data regarding the bitcoin reserves of the nine newest spot bitcoin exchange-traded funds (ETFs) shows that they presently possess 453,503.98 bitcoins, with a total value of approximately $30.29 billion at current exchange rates.

The 9 newly introduced ETFs collectively hold nearly half a million bitcoins.

Since their launch on January 11, 2024, these 9 bitcoin spot ETFs have rapidly accumulated a substantial amount of bitcoin (BTC), with forecasts suggesting that they will soon surpass the half-million mark. As of March 17, 2024, their combined holdings stand at 453,503.98 BTC, valued at $30.29 billion. Leading the group is Blackrock’s IBIT, with a significant holding of 228,612.98 BTC, valued at $15.27 billion, constituting 50.41% of the total BTC holdings.

Following Blackrock’s lead, Fidelity’s FBTC fund now secures 132,571.08 BTC, valued at approximately $8.85 billion. FBTC holdings represent 29.23% of the total bitcoin reserves among the nine ETFs. Meanwhile, Ark Invest’s ARKB currently holds 39,789 BTC, with a market value of $2.65 billion, while Bitwise’s BITB maintains 29,267 BTC, estimated at around $1.95 billion. Recent developments show Vaneck and Valkyrie’s holdings surpassing those of Invesco. Vaneck’s HODL comprises 7,438.19 BTC, and Valkyrie’s BRRR holds 6,343.69 BTC.

On the flip side, Invesco’s BTCO fund currently holds 5,098 BTC, valued at just over $340 million, while Franklin Templeton’s EZBC fund maintains a holding of 3,306 BTC. The latest figures indicate that Wisdomtree’s BTCW fund stands at 1,078.04 BTC. Together, these combined reserves now surpass those of Grayscale’s Bitcoin Trust (GBTC), which holds 380,240.68 BTC, with a valuation of $25.4 billion. This marks a significant decline for GBTC following its transition to a spot BTC ETF.

Since January 12, 2024, when GBTC held 617,079.99 BTC, it has witnessed a decrease of 236,839.31 BTC over the course of 65 days, leading to a loss in value of about $15.82 billion. While GBTC maintains its position as the largest BTC ETF by reserves, IBIT is quickly catching up, now holding over 60% of GBTC’s total holdings.