Bitcoin ETPs Now Hold 7% of Total Supply as Ethereum Makes Serious Gains

Wall Street's crypto grab hits new milestone—Bitcoin exchange-traded products now control a staggering 7% of the entire circulating supply.

Meanwhile, Ethereum isn't just sitting pretty. It's gaining serious ground as institutional money diversifies beyond the original crypto king.

Traditional finance finally admits what we knew all along—just took them a decade and a bear market to catch up. The real question isn't if they'll keep buying, but when they'll realize they're already five years late to the party.

TLDR

• Bitcoin ETPs now hold more than 1.47 million BTC, representing 7% of Bitcoin’s total supply.
• US-based Bitcoin ETPs dominate the market with over 1.29 million BTC held across 11 funds.
• BlackRock’s iShares Bitcoin Trust ETF holds the largest share, with 746,810 BTC.
• Global Bitcoin ETPs experienced a net outflow of $301 million in August, signaling a slowdown in demand.
• Ethereum funds attracted $3.95 billion in inflows during the same period, surpassing Bitcoin ETPs.

Bitcoin ETPs now account for over 1.47 million BTC, representing 7% of the cryptocurrency’s maximum 21 million coin supply. This significant stake comes as Bitcoin ETPs face a slowdown in demand. The drop in interest may be due to the rise of Ethereum, which has attracted more investment in recent weeks.

US-Based Bitcoin ETPs Lead in Holdings

Bitcoin ETPs in the United States control the most significant portion of bitcoin assets, with more than 1.29 million BTC spread across 11 funds. BlackRock’s iShares Bitcoin Trust ETF (IBIT) holds the most Bitcoin, totaling 746,810 BTC. Following it is the Fidelity Wise Origin Bitcoin Fund (FBTC), which holds just under 199,500 BTC. These US-based funds have grown rapidly, despite signs of slowing demand in recent months.

🌎 AUGUST Global Bitcoin ETF update 👇 pic.twitter.com/6VkRsTmOU2

— HODL15Capital 🇺🇸 (@HODL15Capital) September 2, 2025

Between December 31, 2024, and Sunday, global Bitcoin ETPs added more than 170,000 BTC, worth approximately $18.7 billion. However, the trend of increasing holdings appears to be plateauing. According to CoinShares data, Bitcoin ETPs experienced a net outflow of $301 million in August.

Bitcoin’s Slowdown and Shift Toward Ethereum

The demand for Bitcoin ETPs seems to be waning, with many investors now shifting their focus to Ethereum. In August, ethereum funds attracted a significant $3.95 billion in inflows. This trend reflects broader market changes, where crypto whales are rotating billions into Ether.

A Bitcoin whale recently sold 4,000 BTC for 96,859 ETH, highlighting the growing interest in Ethereum. The sale occurred over 12 hours, showing a clear shift in the market. Blockchain data platform Arkham revealed that nine major Bitcoin whales have shifted $456 million into Ether in recent weeks.

Historically, September has been a weak month for Bitcoin. This may be another factor contributing to the downturn in Bitcoin’s price. Additionally, investor hesitation may stem from the uncertainty surrounding the approval of new crypto-related ETFs, including funds tracking solana and XRP, which are expected to be decided in October.

Bitcoin’s Path to $1 Million Faces Challenges

Bitcoin’s journey to a $1 million price target may face significant obstacles. Analyst PlanC stated that the asset’s rise could take place over several years, with slow and steady growth. “We just keep grinding slowly upward to $1,000,000 over the next seven years,” PlanC explained.

According to research firm Delphi Digital, Bitcoin might experience a rally, followed by a crash after the Federal Reserve cuts interest rates.

How will rate cuts affect BTC?

• 2019 established a 'sell the news' precedent for rate cuts.
• Last year, ETF inflows fueled a sustained rally after rate cuts.
• This makes the upcoming rate cut a conditional setup rather than a straightforward catalyst.

Read more here. 👇 https://t.co/7ihEcWKYFc pic.twitter.com/s7h2R1iTcO

— Delphi Digital (@Delphi_Digital) September 1, 2025

The price of Bitcoin may remain stable unless it sees a significant increase in activity before the Fed’s decision. Regardless of the future trajectory, Bitcoin’s status as a dominant cryptocurrency continues, with Bitcoin ETPs holding a notable share of its total supply.