Bitcoin reserves in China and the United States exposed

Author: Qin Jin; Source: Carbon Chain Value

Since January 10, the US SEC has approved 11 Bitcoins including BlackRock After spot ETFs, their total trading volume has exceeded US$13 billion in a short period of time. Its asset management scale exceeds that of silver ETF and becomes the second largest ETF commodity category in the United States.

According to "Bitcoin Magazine", the current asset management scale of the five silver ETFs is approximately US$11.5 billion, and less than a week after their launch, Bitcoin Spot ETF assets under management now exceed $28 billion.

According to The Block report, Bitcoin ETF became the second largest ETF commodity in the United States, marking an important milestone for the Bitcoin market. This achievement is attributed to rising demand for BTC from both institutional and retail investors.

The report stated that investors’ growing interest in Bitcoin ETFs reflects the general trend of portfolio diversification and the unique value proposition provided by BTC. recognized. As the Bitcoin market continues to develop, the achievement of surpassing the silver ETF has consolidated Bitcoin's important position in the global financial market.

At the same time, the latest flow of Bitcoin and the amount of reserves have also attracted special attention from all parties.

According to information released by "Bitcoin Magazine", which has been tracking Bitcoin ETF flow data, as of January 20, the U.S. Bitcoin ETF has accumulated 95,000 BTC worth $4 billion. BlackRock currently holds 28,622 BTC, worth over $1.1 billion.

According to the latest set of data disclosed by Bitcoin data analysis company Swan Media, among ETFs, funds, private and listed companies, governments and even DeFi, A total of 2,170,327 BTC are currently held, accounting for approximately 10.33% of the total supply. There are two possibilities for the remaining BTC, one may be in the hands of individuals, and the other may disappear forever.

In the country category in the above data:

The United States holds 215,000 BTC.

China holds 190,000 BTC.

Ukraine holds 46,351 BTC.

In the Institutional category:

Grayscale Bitcoin The trust (GBTC) holds 581,274 BTC.

Microstrategy holds 189,150 BTC.

Block.one holds 164,000 BTC.

Tether holds 61,627 BTC.

Mtgox holds 141,686 BTC.

BitMex holds 60,093 BTC.

Bloomberg senior ETF analyst Eric Balchunas said on social media X that we also have a similar example of who owns the stock market. In both cases, the fund is a minority shareholder. Just like stocks, not only are ETFs not to blame for the sell-off, they tend to make the situation less bad because they become net buyers through positive net flows.

Eric Balchunas said, This is the chart on our dashboard that shows who owns the stock. ETFs own 8% of stocks; bonds own 6% of stocks; gold owns 1% of stocks; In all areas, ETFs are small shareholders, but because they are public facing and a fast-growing industry, they get a lot of attention .