Bitcoin reserves in China and the US exposed

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

According to Bitcoin Magazine, the current assets under management of the five silver ETFs are approximately US$11.5 billion, and less than a week after its launch, the assets under management of the Bitcoin spot ETF have now exceeded US$28 billion.

According to The Block, Bitcoin ETF becoming the second largest ETF product in the United States marks an important milestone in the Bitcoin market. This achievement is attributed to the rising demand for BTC from institutional and retail investors.

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

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

According to information released by Bitcoin Magazine, which has been tracking Bitcoin ETF flow data from beginning to end, as of January 20, the US Bitcoin ETF has accumulated 95,000 BTC worth $4 billion since its launch. BlackRock currently holds 28,622 BTC worth more than $1.1 billion.

According to the latest data released by Bitcoin data analysis company Swan Media, ETFs, funds, private and listed companies, governments and even DeFi currently hold a total of 2,170,327 BTC, accounting for about 10.33% of the total supply. There are two possibilities for the remaining BTC: one is that it may be in the hands of individuals, and the other is that it may disappear forever.

Among the country categories 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 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.

"We have a similar example of who owns the stock market," said Eric Balchunas, senior ETF analyst at Bloomberg, on social media X. "In both cases, the funds are the minority shareholders. Just like stocks, ETFs are not only not the culprits of the sell-off, they tend to make it less bad because they are net buyers through positive net flows."

Eric Balchunas said, this is a chart on our dashboard that shows who owns stocks. 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 open to the public and it is a fast-growing industry, they have received a lot of attention.