"Rapid Growth: Bitcoin ETFs Reach Record-Breaking 300,000 BTC Holdings in Under Two Months"
TL;DR Summary
Nine new U.S. spot bitcoin ETFs have accumulated over 300,000 BTC in assets under management in less than two months, with daily net inflows exceeding $500 million and total net inflows reaching $6 billion. These ETFs, including BlackRock's IBIT and Fidelity's FBTC, now hold nearly 1.5% of bitcoin's total supply and have surpassed Grayscale's converted GBTC fund in holdings. Bitcoin's price has surged by more than 10% over the past 24 hours, reaching around $56,519.
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- New bitcoin spot ETF trading volume sets daily record, besting launch day: Bloomberg The Block
- How Do You Profit From Bitcoin ETFs? Investors Face Dilemma Bloomberg
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