President of The ETF Store: IBIT holds more than 300,000 bitcoins, and institutional investors are just beginning to enter the market
The ETF Store President Nate Geraci wrote: "In less than 5 months, the iShares Physical Bitcoin ETF (IBIT) now holds over 300,000 bitcoins, accounting for nearly 1.5% of the total bitcoin supply."IBIT has only netted nearly $800 million in funds this week. This is not a view on price, but I believe advisors and institutional investors are just beginning to enter this market."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Poised for Recovery Against Bitcoin, Analyst Says
Harris breaks silence: pledges to support cryptocurrency investment
Harris publicly expressed support for increasing investment in the artificial intelligence and cryptocurrency industries for the first time. Analysts believe that the Biden administration should be the last anti-cryptocurrency administration.
Only 43% of users qualified for Hamster Kombat’s season 1 airdrop
Bitget Futures Bot adds ARKUSDT
We are pleased to announce that Bitget Futures Bot has now added: ARKUSDT. Reference 1. Futures Bot 2. Crash course on Futures Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your