🟠 Institutions are capturing Bitcoin
The volume of Bitcoin held in spot ETFs in the U.S. has surpassed the legendary 1.1 million BTC attributed to Satoshi.
Currently, there are more than 1,100,000 BTC on ETF balances.
👀 How did this happen?
• Over the year, Bitcoin has increased by +130% in price, resulting in an influx of investments into ETFs of $33 billion.
• The total assets under management in ETFs have exceeded $100 billion.
Among the leaders:
1. BlackRock IBIT — 521,164 BTC.
2. Grayscale GBTC — 214,217 BTC.
3. Fidelity FBTC — 199,183 BTC.
ETFs have accumulated more Bitcoin in a year than Satoshi mined in total — and this is yet another confirmation of institutional interest in BTC.
Another question: how long will this last in a bear market?)
If you don't want to miss the bull market, Pavel Durov will tell you where to find me 😏
Max_pro_crypto
