🔥 Record-Breaking Bitcoin #ETF Holdings Surpass 850K #BTC 🚀

📈 Grayscale’s GBTC continues to dominate as the largest Bitcoin fund, boasting over $20 billion in BTC. Close behind is BlackRock’s IBIT, holding $19.6 billion. Combined, U.S.-listed spot bitcoin ETFs now hold a staggering 850,707 BTC, exceeding the previous peak of 845,000 BTC from early April.

📊 Grayscale’s GBTC tops the list with 289,300 BTC, with BlackRock’s IBIT closely trailing at 283,200 BTC. Hashdex #Bitcoin ETF, the smallest holder, manages $12 million in BTC. This surge signifies a notable shift in market sentiment, as these ETFs have experienced eight consecutive days of net inflows, accumulating over 24,500 BTC in this period.

🏛 Moreover, the U.S. House of Representatives has passed the Financial Innovation and Technology for the 21st Century Act (FIT21), a groundbreaking bill to regulate digital assets, with a bipartisan vote of 279-136. This represents the first major crypto legislation to clear a chamber of Congress.

🐂 Additionally, the market is buzzing with anticipation for the potential approval of a spot ether ETF in the U.S. this week, with some analysts raising the likelihood to over 75%.

🚨 Disclaimer: Cryptocurrency investments are subject to market risks. Conduct thorough research before investing.

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