Bitcoin ETF Issuers Now Hold a Record 5% of Total BTC Supply – Potential Surge Catalyst?

New reports indicate that Spot Bitcoin ETF issuers now hold nearly 5% of BTC's total supply. This milestone highlights the market's growing demand and rapid expansion of Spot BTC ETFs, which provide institutional investors with a relatively low-risk way to acquire BTC. The increasing demand could drive up BTC's price.

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Institutional Dominance

Spot Bitcoin ETFs now hold nearly 5% of BTC’s total supply of 21 million coins. According to data from blockchain analytics platform Dune, U.S. Spot BTC ETFs hold about 842,000 BTC, valued at approximately $57.2 billion.

Specifically, U.S. Bitcoin ETFs account for 4.27% of the current BTC supply, while global BTC ETF issuers hold around 1,002,343 BTC. This information was shared on X (formerly Twitter) by Michael Saylor, co-founder and former CEO of MicroStrategy. Saylor noted that 32 Spot Bitcoin ETFs now cumulatively hold "one Nakamoto of BTC," indicating they possess approximately one million BTC. This global total is five times larger than Saylor’s holdings of 214,400 BTC, valued at $15 billion.

Most of the Spot BTC ETFs in the U.S. are managed by prominent asset management companies such as BlackRock, Grayscale, and Fidelity Investments. Reports from blockchain analytics firm Arkham Investments reveal that Grayscale and BlackRock are among the largest global ETF holders. The Grayscale Bitcoin Trust (GBTC) holds approximately 288,084 BTC, while the BlackRock iShares Bitcoin Trust (IBIT) owns 284,027 BTC.

Other notable Spot Bitcoin ETF holders include Fidelity Wise Origin Bitcoin BTC (FBTC) with 154,370 BTC, Active Bitcoin Futures Strategy ETF (ARKA) with 48,444 BTC, and Bitwise Bitcoin ETF (BITB) with 36,092 BTC.

Bitcoin Price Analysis: Is Surge Coming?

Following the approval of Spot BTC ETFs on January 10, Bitcoin's price soared to a new all-time high above $73,000 in March. The growing demand for these ETFs has driven increased adoption of BTC.

Spot BTC ETFs hold approximately 5% of Bitcoin’s total supply, suggesting a potential bullish rally that could trigger new price surges. According to CoinMarketCap, BTC is trading at $68,192, just below the $70,000 mark.

With the rising demand for Spot BTC ETFs and consistent inflows, BTC’s price could soon experience a rebound. Crypto analyst Ali Martinez remains optimistic, predicting a potential recovery. In a post on X, he noted that BTC’s TD Sequential indicator shows a buy signal on its hourly chart.