Story perspectives

Individuals Hold 66% of Bitcoin, ETFs Surge Ahead

9/1/2025

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Summary

Story summary

A study by River Research indicates individuals own about 66% of circulating Bitcoin, with 65.9% held by individuals, 7.8% by funds and ETFs, and 6.2% by businesses.
Institutional holdings have risen, with businesses holding approximately 1.3 million BTC.
ETFs now represent over 50% of U.S. Bitcoin trading volume, exceeding traditional exchanges.
BlackRock's iShares Bitcoin Trust dominates the ETF market, accounting for over 40% of Bitcoin ETF volume.

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Story summary

A study by River Research indicates individuals own about 66% of circulating Bitcoin, with 65.9% held by individuals, 7.8% by funds and ETFs, and 6.2% by businesses.
Institutional holdings have risen, with businesses holding approximately 1.3 million BTC.
ETFs now represent over 50% of U.S. Bitcoin trading volume, exceeding traditional exchanges.
BlackRock's iShares Bitcoin Trust dominates the ETF market, accounting for over 40% of Bitcoin ETF volume.