Global Spot Bitcoin ETFs Surpass $70 Billion in Holdings, Representing 5% of Total BTC Supply

In a notable achievement for the cryptocurrency industry, global Spot Bitcoin ETFs have now amassed over $70 billion in total holdings, representing about 5% of the entire Bitcoin (BTC) supply. This milestone underscores the rising institutional interest and investment in Bitcoin as a credible asset class. Spot Bitcoin ETFs have become a formidable presence in the cryptocurrency market, with their holdings exceeding $70 billion, equivalent to 5% of Bitcoin’s total supply. As of March 2024, these ETFs collectively held around 776,464 BTC. This remarkable growth in Spot Bitcoin ETFs is primarily fueled by major asset management firms like BlackRock and