"Institutional investors scoop up 3% of Bitcoin supply in 2024—nearly 860,000 BTC"

Yo fam, big moves in the crypto space! 🤑 According to CryptoSlate, citing a report by K33, institutional players snatched up 859,454 BTC this year. That’s a whopping 3% of Bitcoin’s total supply, solidifying their grip on the market.

BlackRock’s Bitcoin Spot ETF (IBIT) is also stealing the spotlight. Over 239 trading days, it raked in $36.7 billion in net inflows, leaving gold ETFs in the dust. 🚀 And get this—on December 16, the combined assets under management (AUM) for U.S. Bitcoin spot and derivative ETFs officially overtook gold funds.

TL;DR: Institutions are all-in on Bitcoin, and the OG crypto is flexing hard against traditional assets. The money is talking loud, fam. 💰