bitcoin-etfs-finally-stop-bleeding-is-a-bullish-reversal-coming/” rel=”nofollow noopener” target=”_blank”>bitcoin Spot ETF have achieved another milestone, recording a total of 900,000 btc since launch. This historic milestone comes amid the bitcoin-accumulation-whos-been-buying-up-all-the-btc-dumped-by-the-german-government/” rel=”nofollow noopener” target=”_blank”>Substantial wave of btc accumulation in July.
bitcoin Spot ETF Holdings Surpass 900,000 btc
bitcoin spot ETFs have achieved an unprecedented feat, as btc ETF holdings in the United States They have now surpassed a staggering 900,000 btc valued at over $60 billion. Nate Geraci, president of ETF Store, revealed in a recent article on x (formerly twitter) x.com/nategeraci/status/1814791990955155666?s=46″ rel=”nofollow” target=”_blank”>mail that the recent 900,000 btc milestone of the US bitcoin Spot ETF represents approximately 4.3% of the total btc supply of 21 million btc in the market. Furthermore, this massive btc holding x.com/pivfund2100/status/1814131039427854624?s=46″ rel=”nofollow” target=”_blank”>accounts for 82% of the nearly 1.1 million btc are held in global btc ETFs.
According to the market data From Farside Investors, a London-based investment management firm, Spot bitcoin ETFs have A significant increase in entries was observedreflecting an increase in demand for the digital asset. In less than two weeks, bitcoin spot ETFs recorded approximately $2.38 billion in net inflows. This substantial increase has effectively boosted their total net inflows to $17 billion since their launch on January 11, 2024.
Data from Farside Investors also revealed that bitcoin spot ETFs have seen 11 consecutive days of inflows. highest influx recorded In this time period, approximately $383.6 million had been raised by July 19. At the time, bitcoin-fund/” rel=”nofollow noopener” target=”_blank”>BlackRock iShares bitcoin Trust (IBIT) Led by an impressive $116.2 million inflow, BlackRock has also attracted the most inflows over the past two weeks, followed by bitcoin-spot-etf-records-1-billion-in-net-inflows-details/” rel=”nofollow noopener” target=”_blank”>Fidelity Wise Sourced bitcoin Fund (FBTC).
As a key contributor to the 900,000 btc milestone reached by US bitcoin Spot ETFs, Assets under management (AuM) from BlackRock's IBIT now bitcoin-trust” rel=”nofollow noopener” target=”_blank”>manages approximately 325,449 btc, valued at around $21 billion. significant btc holding BlackRock's rapid success stands out, with its Spot btc ETF reaching multi-billion dollar status in less than six months.
btc accumulation grows in July
Amid 900,000 U.S. bitcoin Spot ETF Holdings Surge, btc Has Seen Significant Increasebitcoin-accumulation-btc/” rel=”nofollow noopener” target=”_blank”> increase in accumulationThis growth is likely driven by the recent btc/bitcoin-price-regains-68k/” rel=”nofollow noopener” target=”_blank”>btc bearish trend changepossibly causing an increase in demand for the cryptocurrency from investors. According x.com/cryptocappex/status/1813464818449326313?s=46″ rel=”nofollow” target=”_blank”>reports from a cryptocurrency analyst identified as 'crypto Capex', on x, btc Accumulation in bitcoin Spot ETF has intensified significantly in July, while the availability of btc on exchanges continues to decline.
Glassnode also has x.com/afroreporter/status/1815023992425583045?s=46″ rel=”nofollow” target=”_blank”>revealed A notable increase in btcbitcoin-buzz-accumulation-trend-peaks-at-a-3-year-high-whats-driving-the-surge/” rel=”nofollow noopener” target=”_blank”> accumulation trendwhich increased from 0.05 on June 1 to 0.44 on July 10. According to the data, the number of bitcoin-whales-maintain-positive-accumulation-behavior-ahead-of-2024-halving-report/” rel=”nofollow noopener” target=”_blank”>btc Whales The holding of at least 1,000 btc increased from 1,640 on July 1 to 1,643 on July 10. This move highlights the increasing demand for btc in July.
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