US Bitcoin ETF exploded! Positions exceeded 1.07 million BTC, worth nearly $96 billion, close to Satoshi Nakamoto's reserves!
The US Bitcoin ETF market has ushered in an unprecedented explosion! As of November 14, the spot Bitcoin ETF's holdings have approached 1.07 million BTC, which is worth $96 billion at the current price! This means that the Bitcoin ETF will soon exceed Satoshi Nakamoto's estimated reserves of 1.1 million BTC-this historic moment is coming!
Not only that, BlackRock's iShares Bitcoin Trust (IBIT) has managed assets of more than $40 billion in just 211 days, six times faster than the past record. The strong inflow of funds shows that the market demand for Bitcoin is still hot! This week, the inflow of funds into the spot Bitcoin ETF has reached $2.4 billion, of which IBIT has contributed $1.8 billion, accounting for almost 73% of the total inflow!
More importantly, investment giant Vanguard Group may soon join the Bitcoin ETF race next year and become the vanguard of the next bull market. The market is turning to spot Bitcoin investment at an alarming rate, and ETFs are becoming a channel for mainstream capital inflows.
The popularity of Bitcoin ETF is a signal that the crypto market is welcoming a new round of institutional wave. If you haven't entered the market yet, don't miss it now!
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