JUST

United

Bitcoin ETF

Bitcoin

Spot

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 <p>In what is a testament to the prevalence of the newly approved investment vehicles, Spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s in the US hold 3.3% of the current BTC supply. Indeed, the development notes what is a massive shift in Bitcoin dynamics. Less than a month into its existence, the products have signified a growing interest in institutional Bitcoin investment.</p>
 <p>Moreover, the investment products had ended the month of January with $197 million in net inflows into Spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s. Subsequently, that was the fourth consecutive day of net inflows for the product that received its approval just 10 days into the new year.</p>
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    <p lang="en" dir="ltr">JUST IN: Spot #<a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s hold 3.3% of the current BTC supply.</p>
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    </div> — Watcher.Guru (@WatcherGuru) February 1, 2024
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 <p><strong>Also Read: How Does Bitcoin EFT Approval Affect the Crypto Space?</strong></p>
 <h2 class="wp-block-heading" id="h-spot-bitcoin-etfs-already-hold-over-3-of-all-bitcoin">Spot Bitcoin ETFs Already Hold Over 3% of All Bitcoin</h2>
 <p>Throughout the last several months of 2023, the anticipation for Spot Bitcoin ETFs in the United States reached a fever pitch. As the year came to a close, the digital asset market did not have to wait long for that anticipation to be rewarded with the investment product.</p>
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 <p>Indeed, on January 10th, the US Securities and Exchange Commission (SEC) greenlit 11 of the <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s. Although they have not yet had the impact on the market’s value as many would have hoped, they have been an undeniable success. Specifically, in terms of shifting the prevalence of institutional Bitcoin investment.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="538" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="US Senators Cynthia Lummis and Kirsten Gillibrand Propose Crypto Regulatory Measures" class="wp-image-101010 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp" data-src-webp="https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp.webp 1024w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp.webp 300w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp.webp 768w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp.webp 380w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp.webp 550w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp.webp 800w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp.webp 1160w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp.webp 1200w" data-srcset-img="https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 1024w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 300w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 768w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 380w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 550w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 800w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 1160w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 1200w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="538" src="https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp" alt="US Senators Cynthia Lummis and Kirsten Gillibrand Propose Crypto Regulatory Measures" class="wp-image-101010" srcset="https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 1024w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 300w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 768w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 380w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 550w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 800w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 1160w, https://cdn.thebittimes.com/images/2024/02/02/e34d9ed46d42459a491d0ea3c467e3bd.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Bitcoin Wisdom
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 <p><strong>Also Read: BlackRock, Fidelity Spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>s Close in on Grayscale ETFs</strong></p>
 <p>Less than a month into its existence, Spot Bitcoin ETFs already represent 3.3% of the entire BTC supply. Moreover, this is not just an impressive remark on their success, it is a clear note of growing confidence in Bitcoin as a viable asset. Especially among institutional investors who have taken full advantage of the various offerings.</p>
 <p>Additionally, data from Swan Media notes that only about 10% of all Bitcoin is in ETFs, funds, private and public companies, or governments. Specifically, this means that the rest of all BTC is in the hands of individuals, or lost. Altogether, this shows a clear maturity of the market, with the asset growing in perception among asset management firms and institutions.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/spot-bitcoin-etfs-hold-3-3-of-current-btc-supply-tbt78567.html">https://thebittimes.com/spot-bitcoin-etfs-hold-3-3-of-current-btc-supply-tbt78567.html</a></p>

Spot Bitcoin ETFs Hold 3.3% of Current BTC Supply

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