Bitcoin Spot ETF Custodian BTC Holdings Set to Overtake MSTR, GBTC's BTC Holdings Continue to Decline
![Bitcoin Spot ETF Custodian BTC Holdings Set to Overtake MSTR, GBTC's BTC Holdings Continue to Decline](/content/images/size/w1200/2024/02/0_MVePUam5l8mRmUXF-1.jpg)
As crypto influencer Fred Krueger reported on X (formerly Twitter), "Tomorrow, the amount of BTC held by the nine BTC spot ETF custodians (18.7 million BTC) is expected to surpass MicroStrategy (190,000 BTC). BTC spot ETFs are taking over the global marketplace, outpacing other asset classes." Meanwhile, official data from Grayscale shows that GBTC's bitcoin holdings stood at 470,637.4 BTC as of July 7 (local time). This is a decrease of approximately 1,707 BTC from the previous trading day (472,345).