Glassnode: BlackRock, Fidelity, and Fidelity’s Bitcoin ETF cost benchmarks range from $54,900 to $59,100
Data from on-chain analytics company Glassnode shows that institutional demand for regulated Bitcoin exposure is very strong. The total assets under management of the US spot ETF now have a market value of $58 billion, holding about 4.6% of the circulating Bitcoin supply. BlackRock, Fidelity, and Grayscale are the largest spot Bitcoin ETFs in the US, and if the price of Bitcoin deposited into these ETFs is marked as a reference point for estimating their average acquisition cost, the cost benchmarks for these ETFs are between $54,900 and $59,100.
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 Launches HYPE On-chain Earn With 2.1~4.5% APR
New spot margin trading pair — ERA/USDT!
Launchpool - Unique ERA Event: Stake BTC ETH for a Chance to Win a 10% APR Boost
Bitget to support loan and margin functions for select assets in unified account
Trending news
MoreCrypto prices
More








