- The US spot Bitcoin ETFs collectively hold over 909,700 BTC, accumulating 37,510 BTC at a monthly average.
- Bitcoin rebounds to $61K after a 3.30% increase over the last 24 hours.
The launch of spot Bitcoin exchange-traded funds (ETFs) in the US has made waves in the crypto market and the global financial markets, sweeping the community’s attention since January. The total Bitcoin held by these U.S. ETFs is on the brink of surpassing Satoshi Nakamoto’s 1.1 million BTC cache.
Bitcoin ETFs have accessed ways to gain exposure to Bitcoin and have seen consistent inflows. Currently, the U.S. BTC ETFs have collectively amassed a substantial 909,700 BTC, worth around $55.94 billion. The U.S. Bitcoin ETFs have been accumulating BTC at a monthly average of 37,510 BTC in their holdings.
Satoshi Nakamoto leads in the BTC holdings, and other major ETF issuers in the market like Binance Exchange, grabs the second place, holding a total of 550,133; Blackrock has accumulated around 347,767 BTC; Grayscale and Microstrategy follow with 263,801 and 226,500, respectively.
The Ongoing Momentum of ETFs and BTC
Bloomberg’s ETF analyst, Eric Balchunas foresees that Blackrock’s IBIT, could exceed Satoshi Nakamoto’s Bitcoin holdings by 2025 if it’s on track. Besides, over the past 24 hours, the U.S. spot Bitcoin ETFs recorded an inflow of $38.94 million, according to Sosovalue data. The cumulative total net inflow is noted at $17.40 billion. Moreover, the total net asset value is marked at $55.34 billion. The flows into spot Bitcoin ETFs are highly volatile, with major outflows during the last week of $169 million.
Meanwhile, BTC hit its all-time high of $73,750, after three months of BTC ETF launch. Over the last 24 hours, Bitcoin‘s price has climbed by 3.30% and traded above $61.5K. The asset has traded above $58K for the last few days. At press time, BTC is trading at $61,130. Whereas, the daily trading volume has declined by 21.06% to $29.17 billion, as per CMC data.
Highlighted Crypto News
Will Bitcoin (BTC) Stage a Bullish Comeback Amid Whale Movements?
