Introduction
Following the recent launch of the United States' first spot bitcoin exchange-traded funds (ETFs), data has emerged regarding the number of bitcoins held by these funds. In this article, we will take a closer look at the holdings of these new spot bitcoin ETFs and explore the assets they possess.
Blackrock: Leading the Way
Among all the funds, Blackrock currently stands at the forefront with a significant holding of 11,439 bitcoins. This makes them the largest holder among the approved ETFs, excluding Grayscale's GBTC. Grayscale currently possesses 617,079 bitcoins, making Blackrock's holdings represent 1.85% of Grayscale's extensive holdings.
The Other Bitcoin ETFs
Aside from Blackrock, there are several other spot bitcoin ETFs with substantial bitcoin reserves. The Fidelity Wise Origin Bitcoin Fund (FBTC) and the Bitwise Bitcoin Trust (BITB) both hold a significant number of bitcoins. Let's take a closer look at each of these ETFs and their holdings:
1. Fidelity Wise Origin Bitcoin Fund (FBTC)
The Fidelity Wise Origin Bitcoin Fund is currently in possession of 5,290 bitcoins, according to the latest update. This puts them among the top holders of bitcoin among the approved ETFs.
2. Bitwise Bitcoin Trust (BITB)
The Bitwise Bitcoin Trust's net assets under management amount to $242,940,653. While the specific quantity of bitcoins held by the trust is not officially detailed on their website, insights suggest they likely possess around 5,550 bitcoins.
3. Vaneck HODL Bitcoin ETF
Vaneck's spot bitcoin ETF, named HODL, transparently displays their bitcoin holdings. Currently, they own 1,640.92 bitcoins, making them a significant player among the approved ETFs.
4. Franklin Templeton EZBC Bitcoin ETF
Franklin Templeton's ETF labeled EZBC also maintains a bitcoin reserve. As of the latest update, the fund holds 1,131 bitcoins.
5. ARK 21shares Bitcoin ETF (ARKB)
The ARK 21shares Bitcoin ETF possesses an estimated 1,625 bitcoins, corresponding to an AUM of $75,833,696. This makes them one of the significant holders of bitcoin among the approved ETFs.
6. Valkyrie Bitcoin ETF
Valkyrie, recently acquired by Coinshares, currently holds 1,102.87 bitcoins. This adds to the overall bitcoin reserves of the newly introduced spot bitcoin ETFs.
Comparing the Holdings
Collectively, the aforementioned ETFs, including Blackrock's holdings, possess approximately 26,152 bitcoins. This translates to a value of $1.11 billion at the current bitcoin exchange rates. While this amount is significant, it is modest compared to Grayscale's vast reserve of 617,079 bitcoins, comprising just 4.23% of GBTC's total holdings. It is worth noting that other non-U.S. exchange-traded products (ETPs) also surpass the newly introduced spot bitcoin ETFs in terms of bitcoin holdings.
International Bitcoin ETFs
In the international arena, Canada's Purpose ETF holds 34,007 bitcoins, while the ETC Physical Bitcoin fund on the Xetra trading platform secures 26,858 bitcoins. Coinshares' fund, XBT.ST, traded on the Nasdaq Stockholm stock exchange, maintains 18,783 bitcoins. Additionally, as of January 14, 2024, Grayscale's Digital Large Cap fund holds 6,391 bitcoins.
Conclusion
The newly introduced spot bitcoin ETFs in the United States have revealed their bitcoin holdings, with Blackrock leading the way. While these holdings are significant, they are still relatively modest compared to other players in the market. It will be interesting to see how these ETFs evolve and attract more investors in the future.
What are your thoughts on the assets held by the newly introduced spot bitcoin ETFs? Share your opinions in the comments section below.
Frequently Asked Questions
What precious metals do you have that you can invest in for your retirement?
Gold and silver are the best precious metal investments. They are both easy to trade and have been around for years. You should add them to your portfolio if you are looking to diversify.
Gold: Gold is one the oldest forms currency known to man. It's also very safe and stable. It's a great way to protect wealth in times of uncertainty.
Silver: Investors have always loved silver. It is an excellent choice for investors who wish to avoid volatility. Silver tends to move up, not down, unlike gold.
Platinium is another precious metal that is becoming increasingly popular. It is very durable and resistant against corrosion, much like silver and gold. It's also more expensive than the other two.
Rhodium – Rhodium is used to make catalytic conversions. It is also used for jewelry making. It is also very affordable in comparison to other types.
Palladium (or Palladium): Palladium can be compared to platinum, but is much more common. It's also more affordable. It is a preferred choice among investors who are looking to add precious materials to their portfolios.
Can the government take your gold?
Your gold is yours, so the government cannot confiscate it. It's yours, and you earned it by working hard. It belongs to your. However, there may be some exceptions to this rule. You can lose your gold if you have been convicted for fraud against the federal governments. If you owe taxes, your precious metals could be taken away. You can keep your gold even if your taxes are not paid.
Should You Buy Gold?
Gold was considered a safety net for investors during times of economic turmoil in the past. However, today many people are turning away from traditional investments such as stocks and bonds and instead looking toward precious metals such as gold.
Although gold prices have shown an upward trend in recent years, they are still relatively low when compared to other commodities like oil and silver.
Experts believe this could change soon. They believe gold prices could increase dramatically if there is another global financial crises.
They also pointed out that gold is gaining popularity due to its perceived value, and potential return.
These are some important things to remember if your goal is to invest in gold.
- Before you start saving money for retirement, think about whether you really need it. You can save for retirement and not invest your savings in gold. Gold does offer an extra layer of protection for those who reach retirement age.
- Second, be sure to understand your obligations before you purchase gold. Each one offers different levels security and flexibility.
- Don't forget that gold does not offer the same safety level as a bank accounts. It is possible to lose your gold coins.
Don't buy gold unless you have done your research. Protect your gold if you already have it.
Statistics
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
External Links
cftc.gov
wsj.com
- Saddam Hussein's InvasionHelped Uncage a Bear in 1990 – WSJ
- How do you keep your IRA Gold at Home? It's not legal – WSJ
irs.gov
law.cornell.edu
- 7 U.S. Code SS 7 – Designation of boards of trade as contract markets
- 26 U.S. Code SS 408 – Individual retirement account
How To
Investing in gold vs. investing in stocks
It might seem risky to invest in gold as an investment vehicle these days. Many people believe that investing in gold is not profitable. This belief stems from the fact that most people see gold prices being driven down by the global economy. They fear that investing in gold will result in a loss of money. There are many benefits to investing in gold. Below are some of them.
Gold is the oldest known form of currency. It has been in use for thousands of year. It is a valuable store of value that has been used by many people throughout the world. It continues to be used in South Africa, as a way of paying their citizens.
You must first decide how much you are willing and able to pay per gram to decide whether or not gold should be your investment. The first thing you should do when considering buying gold bullion is to decide how much you will spend per gram. You could contact a local jeweler to find out what their current market rate is.
It is also worth noting that although gold prices have declined recently, the cost of producing gold has increased. The price of gold may have fallen, but the production costs haven’t.
It is important to keep in mind the amount you plan to purchase of gold when you're weighing whether or not it is worth your time. If you plan to buy enough gold to cover your wedding rings then it is probably a good idea to wait before buying any more. This is not a wise decision if you're looking to invest in long-term assets. Profitable gold can be sold at a lower price than it was when you bought it.
We hope this article has given you an improved understanding of gold investment tools. We recommend you do your research before making any final decisions. Only then will you be able to make an informed decision.
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By: Jamie Redman
Title: Unveiling Bitcoin Reserves — A Deep Dive Into Holdings of 6 New Spot Bitcoin ETFs
Sourced From: news.bitcoin.com/unveiling-bitcoin-reserves-a-deep-dive-into-holdings-of-6-new-spot-bitcoin-etfs/
Published Date: Sun, 14 Jan 2024 16:30:07 +0000
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