As of June 7, 2024, a substantial chunk of Bitcoin's total supply has found its way into Spot Bitcoin ETFs, signaling a significant institutional investment in the cryptocurrency market. With over 1 million BTC held across 34 ETFs, it's clear that institutional investors are bullish on Bitcoin's long-term potential

Leading the pack are BlackRock's IBIT, Grayscale's GBTC, and Fidelity's FBTC, collectively holding a staggering 763,000 BTC. These top three ETFs account for over 76% of the total BTC held by all listed ETFs, with the U.S. emerging as a hub for Bitcoin ETF investments.

Globally, ETFs from Canada, Germany, Switzerland, and other countries hold significant amounts of BTC, with the total amount invested reaching approximately $72.24 billion. This substantial investment underscores the confidence of major financial institutions like BlackRock, Fidelity, and Grayscale in Bitcoin's potential.

As more institutions pour money into Bitcoin ETFs, it's likely that the cryptocurrency's legitimacy and adoption will continue to grow. With billions of dollars already invested, it's clear that institutional investors are placing their bets on Bitcoin's future.

In conclusion, the significant investment in Bitcoin ETFs signals a major vote of confidence from institutional investors. As the market continues to evolve, it will be exciting to see how this investment shapes the future of Bitcoin and the broader cryptocurrency landscape."