The number of BTC held by ETFs, which have played a major role in Bitcoin’s price increase this year, continues to rise relentlessly. ETFs hold more than 1 million BTC globally, with the US ranking first with 855,000 units.

When ETFs in Brazil, Hong Kong, Canada and Germany are added to this figure, the number exceeds 1 million.

The ETF holding the most BTC outside the US is in Germany. The BTCE fund in Germany holds 22,490 BTC, followed by two funds in Sweden. COINXBE holds 17,830 BTC and COINXBT holds 14,580 BTC… On the other hand, Bitcoin ETFs in Hong Kong, which recently opened for trading, hold 5789 Bitcoin.

Hashdex, the biggest player in Brazil, holds 7900 BTC in this country, while the figure for the Bitcoin ETF in the US is 189.

While the fact that the US is the world’s largest economy is clearly reflected in ETFs, the largest funds here are Grayscale, BlackRock and Fidelity, respectively.

The impact of US ETFs is reflected in Bitcoin trading volumes… When the US markets open, trading volume in Bitcoin funds also increases. According to Kaiko Research, from January through April, volume in US-Bitcoin ETFs accounted for 46% of cumulative volume, or almost half.