Achievement Unlocked: Spot Bitcoin ETFs Holdings Surpass 900,000 BTC
Spot Bitcoin ETFs have reached an incredible milestone, with United States BTC ETF holdings now exceeding 900,000 BTC, valued at over $60 billion. According to Nate Geraci, President of the ETF Store, this achievement represents approximately 4.3% of the total BTC supply available in the market, which stands at 21 million BTC. Additionally, this substantial amount of BTC held by US Spot Bitcoin ETFs accounts for 82% of the nearly 1.1 million BTC held by global BTC ETFs.
– The US Spot Bitcoin ETF holdings are now over 900,000 BTC, worth more than $60 billion
– Nate Geraci, President of the ETF Store, shared this milestone on social media
– This represents about 4.3% of the total BTC supply in the market
– The US Spot Bitcoin ETFs hold 82% of the total BTC held by global BTC ETFs
Market data from Farside Investors, a London-based investment management company, reveals a significant increase in inflows for Spot Bitcoin ETFs, reflecting a surge in demand for the digital asset. In less than a fortnight, these ETFs saw around $2.38 billion in net inflows, pushing the total net inflows to $17 billion since their launch on January 11, 2024.
– Spot Bitcoin ETFs have witnessed a surge in demand, leading to increased inflows
– In just under two weeks, these ETFs received $2.38 billion in net inflows
– The total net inflows have now reached $17 billion since their inception in 2024
– Farside Investors’ data shows 11 consecutive days of inflows for the Spot Bitcoin ETFs
Farside Investors’ data also indicates 11 days of consecutive inflows for Spot Bitcoin ETFs, with the highest daily inflow of approximately $383.6 million recorded on July 19. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) led this inflow with $116.2 million. Over the past two weeks, BlackRock has attracted the highest inflows, followed by Fidelity Wise Origin Bitcoin Fund (FBTC).
– Spot Bitcoin ETFs have seen 11 straight days of inflows, with a peak of $383.6 million
– BlackRock’s iShares Bitcoin Trust led the inflow with $116.2 million
– BlackRock and Fidelity have attracted the highest inflows in the past two weeks
– Farside Investors data shows a strong investor interest in these ETFs
As a significant contributor to the 900,000 BTC milestone reached by the US Spot Bitcoin ETFs, BlackRock’s IBIT now manages approximately 325,449 BTC, valued at around $21 billion. This massive BTC holding underscores BlackRock’s rapid success, as its Spot BTC ETF achieved multi-billion dollar status within six months of its launch.
– BlackRock’s IBIT manages around 325,449 BTC, valued at $21 billion
– This significant BTC holding highlights BlackRock’s rapid success
– The Spot Bitcoin ETF achieved multi-billion dollar status in less than six months
– BlackRock has been a key player in the ETF market
BTC Accumulation On the Rise in July
Alongside the surge in US Spot Bitcoin ETFs holdings to over 900,000 BTC, there has been a notable increase in BTC accumulation during July. This uptrend is likely fueled by a shift in BTC’s bearish trend, leading to heightened demand for the cryptocurrency among investors. According to reports from a crypto analyst named ‘Crypto Capex,’ BTC accumulation in Spot Bitcoin ETFs has intensified significantly this month, while BTC availability on exchanges continues to decline.
– BTC accumulation has increased significantly in July
– This trend is likely driven by a shift in BTC’s bearish trend
– Reports suggest intensified BTC accumulation in Spot Bitcoin ETFs
– Availability of BTC on exchanges is decreasing
Glassnode has reported a substantial rise in the BTC accumulation trend, surging from 0.05 on June 1 to 0.44 by July 10. This data indicates a growing number of BTC whales, with at least 1,000 BTC, increasing from 1,640 on July 1 to 1,643 on July 10. These developments underscore the rising demand for BTC throughout the month.
– Glassnode data shows a significant increase in BTC accumulation trend
– The number of BTC whales with at least 1,000 BTC is on the rise
– Demand for BTC has been increasing steadily
– July has seen a surge in interest and investment in BTC
Hot Take: The Future of BTC Investments
The latest milestone achieved by US Spot Bitcoin ETFs, surpassing 900,000 BTC in holdings, signals a growing interest and confidence in digital assets among investors. With continued inflows, accelerated accumulation, and strong institutional support, the momentum behind BTC investments appears to be gaining traction. As the market evolves, it will be interesting to see how these developments shape the future of cryptocurrency investments and the broader financial landscape.
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