Since their launch on January 11, nine out of ten new spot Bitcoin exchange-traded funds (ETFs) have collectively amassed over 500,000 BTC. This figure represents 2.54% of the total bitcoins currently in circulation. Farside Investors reports that, after a significant day of trading on Thursday, these funds experienced inflows of $287.7 million in Bitcoin. Consequently, the value of the Bitcoin held by these nine ETFs surged to $35 billion over the span of 54 trading days. Cumulatively, all U.S.-based spot Bitcoin funds, including those managed by Grayscale, now control 835,000 BTC. This stash accounts for nearly 4% of all bitcoins
