Two U.S. Spot Bitcoin ETFs Surpass MicroStrategy

On July 15th, it was reported that two Bitcoin ETFs in the United States have been in existence for over six months and have surpassed MicroStrategy. At the same time, another ETF is closely following MicroStrategy, which was once the king of Bitcoin holdings in the corporate world. Based on current prices, BlackRock's IBIT currently holds 316,284 Bitcoins, worth approximately $19.8 billion. As of July 12th, the largest Bitcoin holders in the corporate world include: IBIT, GBTC, MSTR (MicroStrategy), FBTC, ARKB, BITB, MARA, HODL, TSLA, COIN, HUT, BRRR, SQ, and CLSK. GBTC (Grayscale) is not the only growing Bitcoin ETF; although it is not favored by retail investors due to its high management fees, it has gradually gained the attention of institutional investors in recent months and currently holds 273,726 Bitcoins.

Currently, MicroStrategy still holds the third position, with 226,331 Bitcoins. However, Fidelity's FBTC is quickly catching up, holding 176,992 Bitcoins. Tether holds 75,354 Bitcoins, while ARKB of ARK21Share holds 47,764 Bitcoins. Matt Hougan, Chief Investment Officer of Bitwise, believes that although Bitcoin spot ETFs have attracted approximately $15 billion in net new assets since their listing, they have only "just started." If his prediction comes true, MicroStrategy may soon be surpassed by FBTC and other Bitcoin ETFs in the top three positions.