Institutional Bitcoin FOMO? ETFs Hit 850K BTC, BlackRock Closes In
- US Bitcoin ETFs amass over 850,000 Bitcoins, signaling growing institutional interest
- BlackRock’s Bitcoin ETF nears the top spot, challenging Grayscale’s dominance
- Bitcoin market cools down, hinting at potential for a major price movement
According to the latest updates from venture capital firm HODL15Capital, U.S. Bitcoin ETFs have achieved a historic milestone, accumulating over 850,000 Bitcoins since January 2024. The report also notes that the global ETF market has surpassed 1 billion Bitcoins.
— HODL15Capital
Bitcoin ETFs hit a record high of 850,000 BTC held today
Global ETFs are closing in on 1 million Bitcoin held
The US Bitcoin market has seen eight consecutive days of positive net inflows, with a net inflow of $154 million on May 22, 2024. BlackRock’s IBIT led the pack with an inflow of $92 million that day, followed by Fidelity’s FBTC with an inflow of $74.6 million. However, Grayscale Investment’s GBTC experienced a notable outflow of $16.1 million after five consecutive days of positive flows.
Notably, BlackRock’s substantial inflow of $92 million on the eighth day of continuous positive flows could potenti…
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