On March 6, Bitcoin ETF gold inflow was US$332 million, of which Grayscale's GBTC set aside US$2.76, and Brad's IBIT had a net inflow of US$2.81. Recently, major institutions have started a crazy buying and selling mode. #TrendingTopic
Bitcoin is about to be halved. After the halving, 450 coins will be produced every day. Now 11 ETF institutions hold a total of 766,542 coins, accounting for 3.9% of the issuance of #BTC.😉. . If this situation continues, the supply and demand relationship of BTC will be in short supply, and the price of BTC may be higher by then.
MicroStrategy founder Michael Saylor said in an interview that new spot Bitcoin ETFs from companies such as BlackRock and Fidelity have proven to be more successful than he imagined. "We thought Bitcoin might be a competitor to gold, but it's actually moved up the charts and it's starting to compete with the S&P 500 ETFs," he said. Saylor also said that the gold ETF remains the largest commodity ETF in the United States, but will be surpassed by its Bitcoin counterpart "in the near future."
With the legalization of regulation, BTC has been favored by investors and speculative institutions, becoming a dark horse in the traditional investment field. As supervision continues to improve, subsequent benefits will continue to be implemented.#BTC.😉. Breaking through 100,000 US dollars is just around the corner.
