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
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
ETH 10th anniversary—Bitget community carnival
[Initial Listing] Bitget Will List NERO Chain (NERO). Come and grab a share of 65,000,000 NERO
Trending news
MoreCrypto prices
More
