The claim that US Bitcoin Spot ETFs hold a combined 1.23 million BTC remains unverified, raising significant discussions in the crypto industry.
Unverified Claim of 1.23 Million BTC Holdings
As of June 2025, there is a claim that US Bitcoin Spot ETFs collectively hold 1.23 million BTC, which constitutes about 6.2% of the total supply. This claim has stirred interest and prompted discussions as it could significantly influence Bitcoin's market dynamics and mislead investors.
Role of ProShares and Other Companies
ProShares, a key player in the ETF market, states that it lists nearly all Bitcoin exposure through CME futures contracts, challenging the claim of 1.23 million BTC. Michael L. Sapir, CEO of ProShares, emphasized that their latest reports show nearly all exposure via CME Bitcoin futures, not spot Bitcoin. Major companies like BlackRock and Fidelity also do not confirm such numbers, with official statements indicating a focus on futures, not direct Bitcoin holdings.
Potential Implications and Regulatory Measures
Unsatisfied data regarding alleged holdings could impact Bitcoin’s market value and investor decisions. The SEC, which regulates these financial products, has not mentioned holdings at such a scale. Future shifts could lead to greater transparency demands from regulators and increased market volatility. Historical context indicates that ETF approvals in 2024 led to inflows, but not to the extent of 1.23 million BTC.
The assertion about significant volumes of Bitcoin in ETFs remains questionable. For market participants, it is essential to monitor official data and stay informed to make educated decisions.
