Bitcoin exchange-traded products (ETP) have passed a new milestone by holding more than 1.47 million Bitcoin. That equals about 7% of the total supply of 21 million coins that will ever exist.
This figure was shared by market tracker HODL15Capital, to confirm how much Bitcoin has been gathered into regulated funds at a time when investor appetite is shifting across the digital asset market.
U.S Funds Takes the Lead with $1.3m inflow
The United States is dominating this space with over 1.29 million Bitcoin now held across 11 exchange-traded funds. BlackRock’s iShares Bitcoin Trust holds the most with 746,810 Bitcoin, while Fidelity’s Wise Origin Bitcoin Fund comes next with nearly 199,500 Bitcoin in its reserves.
From December 2024 to August 2025, funds around the world added more than 170,000 Bitcoin, worth about $18.7 billion at current prices.
Still, the pace at which it’s growing is very slow. According to reports from Coinshare on Monday, Bitcoin ETPs lost $301 million in total outflows. By contrast, Ethereum funds gained strong attention during the same month, pulling in almost $4 billion.
Whales React With Shift in Demand
Moreover, large investors known as whales are also showing signs that they are moving away from Bitcoin. Recently, one whale sold 4,000 Bitcoin in exchange for about 97,000 Ether in just 12 hours. That whale now holds Ethereum worth $3.8 billion.
According to blockchain tracker Arkham, nine other whales also sold Bitcoin and bought Ethereum, moving around $456 million in total.
The slowdown in Bitcoin demand comes as September approaches, a month that has historically been the weakest for the cryptocurrency.
At the same time, gold prices are climbing, which is another safe option for investors. In addition to that, investors are cautious due to the large number of pending crypto fund applications waiting for review in the United States.
The Securities and Exchange Commission is currently reviewing 92 applications, including new products for Solana and XRP, with decisions expected in October.
Pseudonymous analyst PlanC said that Bitcoin’s path to $1 million may be much slower than many hope. “Instead, we just keep grinding slowly upward to $1,000,000 over the next seven years in a very boring and underwhelming way.” He said.
Also Read: Metaplanet Shareholders Approve $884M Bitcoin Capital Plan
