Bitcoin

Billion

<h2 id="key-points">Key Points</h2>
<ul>
 <li>VanEck reports that approximately $175 billion in bitcoin is held by ETFs, nations, and companies.</li>
 <li>Bitcoin’s popularity among institutional investors has surged, with many viewing it as a valuable asset.</li>
</ul>
<p>According to a recent report by VanEck, an estimated $175 billion worth of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> is currently held by ETFs, nations, and both public and private companies.</p>
<h2 id="increased-institutional-interest-in-bitcoin">Increased Institutional Interest in Bitcoin</h2>
<p>The report also highlights a growing interest in Bitcoin among institutional investors such as hedge funds, asset management firms, and endowments. These entities are increasingly seeing Bitcoin’s potential as a store of value.</p>
<p>The $175 billion worth of Bitcoin held by these entities represents approximately 15% of the entire Bitcoin supply. This is based on data from CoinGecko. As of last Wednesday, Bitcoin’s total market capitalization was around $1.2 trillion. Over the past week, the price of the world’s largest cryptocurrency by market cap has dropped from over $64,000 to $57,000.</p>
<h2 id="bitcoin-adoption-and-infrastructure">Bitcoin Adoption and Infrastructure</h2>
<p>VanEck launched a spot Bitcoin exchange-traded fund that began trading in January. This fund currently has $600 million in assets under management.</p>
<p>The report also noted that an increasing number of merchants and businesses are accepting Bitcoin as a form of payment. Infrastructure has been developed to make it more convenient for the average person to use, further solidifying Bitcoin’s position as a solid investment.</p>

Bitcoin Assets Worth $175 Billion Secured by ETFs, Countries, and Companies: VanEck

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