The disclosures from corporate firms over spot Bitcoin ETF holdings marked the highlight for the market this past few weeks. Many companies reported holding the new asset class to the amazement of observers in the crypto ecosystem.
While the top American banks like Morgan Stanley and Wells Fargo stunned the industry with their disclosures, firms from Hong Kong and around the world also uncovered their Bitcoin exposures.
Spot Bitcoin ETF By Country Holdings
According to an update shared by Bitcoin ETF tracker Julian Fahrer, a total of 12 countries featured in the first cohort of Form 13-F filers. Expectedly, the United States took the lead with a total of 898 holders injecting a total of $9,274,744,000 in different issuers.
Besides Morgan Stanley and Wells Fargo, other major names that bagged the product include Susquehanna International Group (SIG) and Boothbay Fund Management. Notably, the latter injected over $377 million into spot Bitcoin ETF shares issued by BlackRock, Grayscale, Fidelity and Bitwise.
The second spot was snatched by Hong Kong as a total of 15 holders emerged from the Island. As compiled by Fahrer, these issuers injected a total of $210,932,900 into the new asset class. Channel Island Jersey also boasts of 10 holders with a combined portfolio of $58,250,960. Canada ranked 4th with a total of 7 holders that invested $54,888,250 into the spot Bitcoin ETF products.
Cayman Islands (5), Israel (3) and Switzerland (2) all also injected $16,906,250, $14,359,970 and $8,286,923 respectively. Other nations with one holder each include Puerto Rico, United Kingdom, Australia, The Netherlands and France. The holders in these countries all invested a total of $18,855,103.
Market Impact of Spot BTC ETF
Injecting billions into the spot Bitcoin ETF market helps add liquidity into the market. This in turn helps to take off a significant amount of BTC out of the market. This helps introduce scarcity which automatic bear a strong impact on the price of the asset.
The impact of these spot Bitcoin ETF accumulations was felt in the first quarter when the price of the coin soared to its All-Time High (ATH) of $73,750.07. While the coin has retraced its price thus far, expectations remains high that a massive bullish reversal is ahead.
At the time of writing, the coin is changing hands for $66,843.05, up by 2.2% in 24 hours.
Read More: OpenAI Executive Jan Leike Resigns, Calls for Stronger AGI Safety Measures
The post Spot Bitcoin ETF: Here’s Total Holder’s Count By Region appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed