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International Business Times
International Business Times
Business
Marvie Basilan

Bitcoin ETFs Collectively Hold '1 Nakamoto' Worth Over $69.1 Billion

Bitcoin ETF Satoshi Nakamoto Michael Saylor Grayscale SEC
Bitcoin ETFs were approved in January by the SEC and since then, institutional investors have shown increasing interest in the funds. (Credit: Marco Verch/flickr)

KEY POINTS

  • Grayscale's GBTC holds the most number of Bitcoins as per the chart
  • Internationally, Canada's Purpose BTCC is the Bitcoin holdings leader
  • Traditional financial institutions have recently disclosed their massive BTC ETF holdings

Bitcoin exchange-traded funds (ETFs) have come a long way just over four months since their approval by the U.S. Securities and Exchange Commission (SEC) – the ETFs collectively hold more than 1 million Bitcoins or 5% of the world's total BTC supply.

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