Bitcoin Spot ETFs Breach 1 Million BTC Mark
The post Bitcoin Spot ETFs Breach 1 Million BTC Mark appeared first on Coinpedia Fintech News
The US Spot BTC ETFs are piling up a substantial amount of BTC, currently holding around 846,000 coins which is nearly $58 billion under management by these ETF issuers. The Grayscale and Blackrock lead by roughly holding over 288K and 284K BTC. Other notable players include Fidelity, Bitwise, and ArkInvest among others. Industry estimates suggest that global Spot Bitcoin ETF holdings have eclipsed the 1 million BTC mark, signifying a significant milestone. This exceptional institutional involvement could propel BTC’s price to new heights.
