Cryptocurrency Q&A
Are spot bitcoin ETFs the world's largest bitcoin holder?
Are spot bitcoin ETFs the world's largest bitcoin holder?
Federico
Mon Jul 15 2024
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7 answers
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In the realm of cryptocurrency and finance, the emergence of spot bitcoin ETFs has sparked significant interest. However, one question remains: Are these ETFs truly the world's largest holder of bitcoin? With the explosive growth of digital assets, investors are keen to understand the distribution of wealth and influence in this emerging market. Spot bitcoin ETFs offer a convenient way for investors to gain exposure to bitcoin without directly owning the cryptocurrency. But, do they truly hold the lion's share of bitcoin's total market capitalization? This question begs for clarification and an understanding of the evolving landscape of bitcoin ownership and investing vehicles.
7 answers
HanbokElegance
Wed Jul 17 2024
The collective holdings of these spot bitcoin funds have surpassed the 190,000 bitcoins held by MicroStrategy, a prominent business intelligence provider and large-scale bitcoin investor.
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SamuraiWarriorSoulful
Wed Jul 17 2024
At the given date, the holdings of spot bitcoin ETFs stood at a significant milestone, totaling 192,000 bitcoins.
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Tommaso
Wed Jul 17 2024
Excluding the notable Grayscale Bitcoin Trust (GBTC), this figure represents a substantial accumulation of the digital asset.
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Federico
Tue Jul 16 2024
Among the various service providers in the cryptocurrency space, BTCC, a UK-based exchange, offers comprehensive solutions including spot trading, futures trading, and wallet services.
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Andrea
Tue Jul 16 2024
This milestone marks a significant shift in the landscape of bitcoin ownership, with ETFs now holding the largest share of bitcoins globally.
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