IBIT holds about 662,707 BTC, nearly 20% of the 3,404,140 BTC which is custodied on behalf of public companies, private companies, governments, exchanges, and DeFi smart contracts.
However, IBIT’s dominance among institutional Bitcoin holders might be threatened as interest extends beyond ETFs and suggests distribution over BTC’s supply in the next few years.
Sigel highlighted that the pool equals 56% of the spot Bitcoin ETF complex’s current assets under management and 16% of the net ETF inflows accumulated over the past 16 months.
IBIT’s rapid ascent to $70 billion cements the spot Bitcoin ETFs as the dominant gateway for institutional exposure, while parallel corporate capital raises point to deeper supply consolidation in the months ahead.
