Bitcoin

<ul><li>Bitcoin ETFs control nearly 5% of total BTC supply, reflecting growing institutional interest in cryptocurrency.</li><li>U.S. Bitcoin ETFs bought 25,729 BTC in early June, significantly outpacing new Bitcoin mining supply.</li><li>Bitcoin ETFs&#39; AUM is 60% of gold ETFs, showcasing rapid growth and rising acceptance of Bitcoin as an investment.</li></ul><a href="https://cryptotale.org/bitcoin-consolidates-at-ath-despite-2b-open-interest-loss-whats-next/" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum layer-2 networks are making significant strides in the cryptocurrency market, with nearly 5% of Bitcoin&#39;s total supply now held in ETFs. As highlighted by <a href="https://twitter.com/AltcoinDailyio/status/1800046153368752475?t&#61;U0I4RpQsqvryGfVi5kZQIg&amp;s&#61;19" rel="noopener noreferrer nofollow">Altcoin Daily</a>, an analyst, currently, 34 ETFs control over 1,000,000 BTC, with BlackRock leading the pack with over 300,000 Bitcoins. In the first week of June, U.S. Bitcoin ETFs witnessed unprecedented activity. They acquired approximately two months&#39; worth of newly minedAccording to <a href="https://x.com/HODL15Capital/status/1799613569903862191" rel="noopener noreferrer nofollow">HODL15Capital</a>, with inflows totaling around $1.83 billion, these 11 ETFs purchased 25,729 BTC between June 3 and 7. This figure is eight times the 3,150 BTC mined over the same period, highlighting a substantial demand for Bitcoin via ETFs.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf1RA8vMfl8Xsn4T63B5F-H_7vGzV86YNn-HD6e9RzdHZJl400H2shJeD6P2lxOy_ERpIAQweLjBu4lgBJqM_0RLrwXm6QsZVZyXz-XEeycpyV096s_22f6SFyo8QsWQumWKPXK3ziDJJm1-ReQFouhX2wo?key&#61;izBHVDnTqCXx5y82MlpZnA" />Since their January launch, these 11 ETFs have seen net inflows of $15.69 billion. This is a significant figure, especially when considering the $17.93 billion in net outflows from Grayscale&#39;s fund. The total assets under management (AUM) for these ETFs now stand at approximately $61 billion. This growth is remarkable, given the relatively short time these ETFs have been available.<a href="https://cryptotale.org/bitcoin-etfs-now-control-5-of-supply-blackrock-leads-with-300000-btc/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin ETFs Now Control 5% of Supply, BlackRock Leads with 300,000 BTC

CryptoTale

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