"Global Bitcoin ETF manages over 1 million BTC"
Bitcoin is about to break through its previous high and head towards $75,000? !
According to Boldreport, all Bitcoin ETFs worldwide collectively hold more than 1 million Bitcoins, a milestone first achieved on March 12. These ETFs are located in various countries including the United States, Sweden, Hong Kong, Germany, Switzerland, Canada, Brazil, and Australia.
U.S.-based Bitcoin ETFs lead the way, with Grayscale GBTC holding about 292,000 BTC, followed by BlackRock IBIT holding about 280,000 BTC and Fidelity FBTC holding 162,000 BTC. Together, these three giants hold approximately 734,000 BTC. Total net inflows into U.S. Bitcoin ETFs have now reached $13.7 billion, according to data from Farside.
According to Lookonchain monitoring, U.S. spot Bitcoin ETF data on May 27 showed:
- Grayscale GBTC increased its holdings of 216 Bitcoins, worth approximately $15 million, and currently holds a total of 289,041 Bitcoins, worth approximately $20.2 billion;
- BlackRock increased its holdings of 2,642 Bitcoins, worth approximately $89.7 million, and currently holds a total of 287,168 BTC, worth approximately $20.08 billion;
- Nine U.S. Bitcoin ETFs added a total of 3,028 Bitcoins worth approximately $211.8 million.
👽 Personally, I believe that the magnitude of Bitcoin’s retracement may become smaller and smaller. If it breaks through again and stands at $70,000, it will reach a new high. Be sure to hold on to the small coins in hand, don't fall down before dawn.
