- Fidelity Investments’ recent filing to the US Securities and Exchange Commission (SEC) reveals that it now holds more than 150,000 Bitcoin (BTC) in its coffers.
- The American multinational financial services corporation’s Bitcoin haul is worth $10.81 billion as the digital asset returned above $71K per BTC.
Fidelity Investments’ Bitcoin Haul
When it comes to the spot Bitcoin ETF race, among the consistent top performers have been BlackRock and Fidelity Investments. Although the former has dominated the inflows in most instances, there have been several days wherein the latter has outperformed it.
Just three months following the approval of the investment powerhouse’s spot Bitcoin ETF, otherwise known as Fidelity Wise Origin Bitcoin Fund with ticker FBTC, it has grown its holdings to 150,650.94 BTC based on its financial disclosure dated April 9, 2024. At the time of its filing to the SEC, this amounted to $10,811,222,229.51 at $71,763.39 per BTC.
Spot Bitcoin ETF Leaders in the US
The spot Bitcoin ETFs in the US have shown unprecedented success since their launch. Save for Grayscale’s GBTC fund which has undergone massive outflows following its reclassification, the other nine have been on a roll and have already accumulated over 520,000 BTC. That’s worth around $36.4 billion at $70K per BTC.
Fidelity’s FBTC sits second on the rankings of the nine newly-created spot Bitcoin ETFs when it comes to assets under management (AUM) with its abovementioned BTC supply. Leading the charge is BlackRock’s IBIT with 263,937 BTC in AUM worth $18.475 billion while Ark Invest’s ARKB is positioned third with 43,726 BTC in AUM worth $3.06 billion according to Coinglass.
On the other hand, GBTC has shed nearly half of its BTC holdings since its conversion to a spot Bitcoin ETF. From 619,220 BTC in AUM three months ago, it has now declined to 322,697 BTC. Nevertheless, its digital treasure trove is still higher than BlackRock at $22.59 billion.
Combining all the BTC held by the spot Bitcoin ETF issuers in the US alone makes up more than 4% or around 842,897 of the top crypto asset’s 21 million supply cap.
Bitcoin Prices Now
As of this writing at 1:00 PM UTC on Tuesday, Bitcoin is trading at $70,800, displaying a slump of around 2% in the 24-hour chart. Within the period, the digital currency experienced only a 0.12% increase in transaction volume as $33.46 billion worth of BTC moved between addresses. Meanwhile, the market cap of its 19.67 million circulating supply slid to $1.39 trillion.
The same span saw the largest crypto asset by total valuation journey between a $69,654.16 low and a $72,285.73 high. So far, it remains 4% away from its latest all-time high of $73,750.07 achieved on March 14 this year.