Global Breakdown: Spot Bitcoin ETF Holders by Region – Insights on BTC Trends

  • After the spot Bitcoin ETF Form 13-F filing season, regional ownership by corporate firms pitches the US above other nations.
  • Many companies reported holding the new asset class to the amazement of observers in the crypto ecosystem.
  • “The disclosures from corporate firms over spot Bitcoin ETF holdings marked the highlight for the market this past few weeks.” – Julian Fahrer, Bitcoin ETF tracker.

Crypto market sees a surge in corporate interest in spot Bitcoin ETFs, with the US leading in ownership.

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.

Significant Players and Investments

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.

Global Distribution and Impact

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.

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 automatically bears 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 remain high that a massive bullish reversal is ahead.

Conclusion

This surge in corporate interest in spot Bitcoin ETFs highlights a growing acceptance and integration of cryptocurrencies into mainstream financial portfolios, potentially signaling a new era of investment strategies in the crypto market.

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