Bitcoin ETFs (excluding GBTC) Now Hold More Bitcoin Than MicroStrategy

Excluding Grayscale's GBTC, the recently launched spot bitcoin ETFs added nearly 5,000 tokens on Wednesday and now hold more bitcoins than MicroStrategy (MSTR), which totalled 190,000 at the end of Jan. The funds have been on the market for less than a month but have already attracted billions of dollars of investment from investors looking to gain bitcoin exposure without having to buy and store it outright. On Wednesday alone, the ETFs attracted more than $1 billion in inflows, according to Bloomberg Intelligence.