Tucker Carlson

Satoshi

Bitcoin

David Vance

Rise

<p>For the past seven months, <a href="https://www.thecoinrepublic.com/price-prediction/bitcoin/">Bitcoin ETFs</a> have rapidly grown in popularity and hold nearly 300 thousand BTC worth more than $19 billion. This has been the cryptocurrency’s main strength in its trend to perform well in the year and a clear indication of investors’ confidence.</p> 
<p>In the first two and a half months of their unveiling, Bitcoin ETFs attracted substantial capital. It has amassed 200,000 BTC, which shows that there was a high demand for these products.</p> 
<p>However, the pace of accumulation slowed significantly from mid-March to July. In this period, it took an additional four and a half months to get 100,000 BTC. This could indicate a more saturated market and was accompanied by a short-term dip in the value of Bitcoin.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The Bitcoin ETFs have added almost 300,000 BTC to their holdings since January.<br><br>While the pace of coin capture has slowed significantly, the key point is that growth continues even when Bitcoin's price remains stagnant.<br><br>That kind of persistent accumulation is a good sign for… <a href="https://t.co/XSK431VDDr">pic.twitter.com/XSK431VDDr</a></p>— ecoinometrics (@ecoinometrics) <a href="https://twitter.com/ecoinometrics/status/1818646324189053458?ref_src=twsrc%5Etfw">July 31, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-impact-of-major-financial-players"><strong>Impact of Major Financial Players</strong></h2> 
<p>Regarding specific actors in the financial industry, the interest in Bitcoin varies greatly. For instance, BlackRock’s iShares Bitcoin Trust (IBIT) received more than $1 billion in Bitcoin in July alone and as of mid-July, the company had more than $21 billion in Bitcoin.</p> 
<p>On the other hand, Fidelity’s FBTC recorded a net outflow of $31.57 million in a single day thus showing different investors’ perceptions between different financial institutions.</p> 
<p>The different trends observed among major ETF issuers indicate different strategies toward Bitcoin investments. Some institutions are increasing their exposure, while others are reducing their stakes in cryptocurrency.</p> 
<h2 class="wp-block-heading" id="h-institutional-influence-on-bitcoin-s-market"><strong>Institutional Influence on Bitcoin’s Market</strong></h2> 
<p>Currently, institutional investors hold almost 9% of all the existing Bitcoins with the ETFs and ETF-like products accounting for about 5.2% of institutional investments. Such majors’ engagement points to the growing institutional investment in Bitcoin as an asset class.</p> 
<p>Public and private firms also own some of the Bitcoins; 16% and at least 2% respectively. This is evidence that there is strengthened demand for Bitcoin and the involvement of institutions could be an indication that the market has more potential.</p> 
<h2 class="wp-block-heading" id="h-media-commentary-and-theories"><strong>Media Commentary and Theories</strong></h2> 
<p>The discussion surrounding Bitcoin’s origins and future was recently stirred by comments from Tucker Carlson at a&nbsp;<a href="https://www.youtube.com/watch?v=YSqaFr6EL7w">private event</a>. Carlson, a former television host and current political commentator, expressed a high regard for Bitcoin’s role in promoting financial sovereignty.</p> 
<p>He stated that the C.I.A. invented Bitcoin, a claim in line with other popular conspiracy theories, despite the lack of evidence. Carlson’s quotes reflect the ever-present interest and questions regarding the identity of the Bitcoin creator Satoshi Nakamoto.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">If the CIA started Bitcoin, Tucker, and now Trump and his Silicon Valley coterie are pushing it, then do think by any chance that there might be more to know? <a href="https://t.co/U4JHoWP5ah">https://t.co/U4JHoWP5ah</a></p>— David Icke (@davidicke) <a href="https://twitter.com/davidicke/status/1818605031752454614?ref_src=twsrc%5Etfw">July 31, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Despite such theories, the transparency of Bitcoin’s technology continues to attract attention and investment, emphasizing its potential to transform financial systems independently of its mysterious origins.</p> 
<p>Bitcoin ETFs have played a pivotal role in the cryptocurrency’s recent market dynamics, with substantial acquisitions highlighting strong investor confidence. The varying strategies of major financial institutions reflect an evolving landscape.</p> 
<p>Meanwhile, discussions like those sparked by Carlson contribute to the broader dialogue about Bitcoin’s impact and potential, underscoring its continued relevance in discussions of financial technology.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/03/bitcoin-etfs-acquire-300000-btc-in-7-months-major-rise-upcoming/">Bitcoin ETFs Acquire 300,000 BTC in 7 Months: Major Rise Upcoming?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Bitcoin ETFs Acquire 300,000 BTC in 7 Months: Major Rise Upcoming?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 3, 2024

Ethereum Whales Accumulate $440 Million in ETH: What to Know

BlockDAG’s Big Talk: CEO Interview & AMA Cements Trust and ROI Hopes, MKR & MNT HODLers Join in

Ethereum (ETH) in Jeopardy as Prices Tumble, XRP's Rebound Flops at $0.65, Shiba Inu (SHIB) Conti...

French Crypto Traders in Shock as Bybit Closes Operations Overnight!

Montenegro Court Approves Do Kwon’s Extradition to South Korea

Ethereum ETF Records $4.9 Million Daily Inflow as MoonTaurus (MNTR) Raises Over $150,000 in 72 Ho...

Join our free newsletter for daily crypto updates!