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International Business Times

Business

Marvie Basilan

2 US Bitcoin ETFs Dethrone MicroStrategy As Largest Corporate Holders Of $BTC

Bitcoin MicroStrategy ETF United States FBTC IBIT

Two U.S. spot Bitcoin ETFs have dethroned MicroStrategy as the world's largest corporate holders of $BTC, and now another Bitcoin ETF is catching up to Michael Saylor's company. (Credit: Marco Verch/flickr)

KEY POINTS

IBIT leads the pack with over 316,000 Bitcoin holdings, followed by GBTC with over 273,000
Fidelity's FBTC is catching up to MicroStrategy, with nearly 177,000 Bitcoins
Spot Bitcoin ETFs hauled in over $310 million on Friday to record a six-day positive flow streak

Over six months since launching, two U.S. spot Bitcoin exchange-traded funds (ETFs) have overtaken MicroStrategy as the largest corporate holders of the world's top digital asset by market cap. This comes as another ETF catches up to MicroStrategy, once king of the $BTC holders in the corporate world.

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