In a significant move that highlights the growing demand for Bitcoin among institutional investors, four Bitcoin spot ETFs made large acquisitions, purchasing a combined total of 7,407 BTC, valued at approximately $484.5 million.
Among the top buyers, BlackRock added 1,206 BTC ($78.89M) to its holdings, bringing its total to a staggering 370,846 BTC ($24.26B). Fidelity made the largest purchase, acquiring 3,627 BTC ($237.27M), boosting its total holdings to 183,695 BTC ($12.02B).
ARK21Shares followed, adding 1,054 BTC ($68.95M), bringing their total to 48,862 BTC ($3.2B), while Bitwise rounded out the list with the purchase of 1,520 BTC ($99.41M), now holding 41,075 BTC ($2.69B).
This surge in ETF activity reflects heightened confidence in Bitcoin's long-term value, as major financial institutions continue to increase their exposure to the leading cryptocurrency. Analysts predict that with increased ETF participation, the market could see significant upward momentum.