๐ Institutions Absorb 8 Years' Worth of Bitcoin Issuance in 2024! ๐
In a remarkable turn of events, institutional players snapped up 859,454 BTC in 2024 โ that's 8 years of Bitcoin issuance! ๐ช๐ฅ This massive acquisition, representing 4.3% of the total circulating supply, shows the growing appetite for Bitcoin. ๐
๐ Spot Bitcoin ETFs and companies like MicroStrategy have been key drivers, with US ETFs taking the lion's share. The BlackRock Spot Bitcoin ETF now leads the pack, holding a whopping 542,653 BTC, worth nearly $54 billion! ๐ฐ
These investments are setting records! Bitcoin ETFs reached $36.7 billion in inflows within just 239 trading days, outpacing even gold ETFs. ๐
Public companies arenโt far behind! MicroStrategy alone added 250,000 BTC, bringing their total to 439,000 BTC. And itโs not just companies โ sovereign nations like El Salvador and Bhutan are already holding Bitcoin in their treasuries! ๐๐ธ
Could a Bitcoin Strategic Reserve be on the horizon for the US? ๐บ๐ธ President-elect Donald Trump has hinted at it, fueling even more optimism in the market! ๐
With the rise of regulated Bitcoin investment vehicles and sovereign adoption, the future of Bitcoin is looking brighter than ever! ๐ #Bitcoin #InstitutionalAdoption #ETF #MicroStrategy #BlackRock #Investment
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