From January 1st to February 6th, US-based Bitcoin ETF Spot funds purchased a total of 56,802.86 Bitcoins, increasing their holdings from 1.12 million to 1.77 million Bitcoins. However, since then, 55,348 Bitcoins worth 4.5 billion dollars have been withdrawn from these funds. As of March 14th, the assets of these funds reached 93.25 billion dollars, representing 5.6% of the total Bitcoin market value. The IBIT BlackRock fund leads the market with 39.24 billion dollars in net inflows and 568,559.37 Bitcoins. The Fidelity FBTC fund ranks second with 11.25 billion dollars and 194,269.83 Bitcoins. Despite Greyscale’s GBTC fund having a net outflow of 22.5 billion dollars, it still holds 193,870.05 Bitcoins, placing it third. These three funds collectively hold 85.26% of the total 1.121 million Bitcoins in ETF Spot funds. Currently, there are 12 active ETF funds, but a thirteenth option may enter the market. According to reports, Osprey Funds submitted an application to launch the Osprey Bitcoin Trust (OBTC) to the US Securities and Exchange Commission on February 14, 2025. As of March 16, 2025, the fund has not received approval yet, but according to TimechainIndex, it currently holds 1,934 Bitcoins worth 160 million dollars.
