Over 2.5 percent of the total supply is held by US Bitcoin Spot ETFs, which surpass 500,000 BTC

Net inflows of more over half a million Bitcoins into spot ETFs this week marked a new milestone for the largest cryptocurrency, after Bitcoin's $100,000 milestone. Since these ETFs currently own more than 2.5% of Bitcoin's circulating supply, this milestone demonstrates the cryptocurrency's increasing acceptance in conventional financial markets.

Only 2.5% of Bitcoins Are Held by Bitcoin Spot ETFs Currently.
Since January, Bitcoin spot ETFs have locked in more than 2.5 percent of the cryptocurrency's 19.8 million BTC circulation supply. This figure demonstrates how spot ETFs are becoming more popular among institutional investors and financial managers.

Farside reports that the record-breaking $223.1 million in cumulative investment into spot Bitcoin ETFs on December 11 was the last push needed to reach the milestone. The cryptocurrency has recovered the $100,000 threshold, thanks in large part to the consistent influx of capital that has pushed Bitcoin's price higher.


Among the leading funds, BlackRock's IBIT amassed $615.50M in net volume. Grayscale (GBTC) and Fidelity (FBTC) are in third and second place, respectively, with $83.58M and $73.73M in net volume.

Bitcoin tried to breach the six-figure milestone many times over the weekend, but it was repeatedly rejected. Monday and Tuesday saw more declines to $94,4000, extending the negative pressure into the work week.

Nevertheless, BTC was able to recover since this level served as a support. On Wednesday, the cryptocurrency appreciated to $102,000, an increase of about $8,000. Despite making two attempts at this level in as many hours, it was unable to maintain its gains and is now trading at a little under $100,000.

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