Less than two months after trading began, the nine newborn spot bitcoin exchange-traded funds now hold more than 300,000 BTC in assets under management — excluding Grayscale’s converted GBTC fund.

According to K33 Research, the nine new ETFs had amassed 303,002 BTC ($17 billion) as of yesterday’s close. Launching on Jan. 11, these ETFs are BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark Invest 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC), and WisdomTree (BTCW).

To put that into context, the newborn ETFs now hold nearly 1.5% of bitcoin’s total supply of 21 million BTC. That’s more than software company MicroStrategy’s 193,000 BTC, over four times stablecoin issuer Tether’s 66,465 BTC, and more than all public bitcoin miners combined.

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