President of The ETF Store: IBIT holds more than 300,000 bitcoins, and consultants and institutional investors are just beginning to enter the market

According to TechFlow, Nate Geraci, president of The ETF Store, said in a post: “In less than 5 months, the iShares Spot Bitcoin ETF (IBIT) now holds more than 300,000 bitcoins, accounting for nearly 1.5% of the total supply of bitcoin.

IBIT has seen nearly $800 million in net inflows this week alone. This is not a view on prices, but I believe advisors and institutional investors are just beginning to enter this market.”