Bitcoin

Spot

BlackRock

<p><a href="https://www.newsbtc.com/press-releases/spot-bitcoin-etfs-finally-stop-bleeding-is-a-bullish-reversal-coming/" rel="nofollow noopener" target="_blank">Spot Bitcoin ETFs</a> have achieved yet another milestone, recording a total of 900,000 BTC since its launch. This historic milestone occurs amidst the <a href="https://www.newsbtc.com/news/bitcoin-accumulation-whos-been-buying-up-all-the-btc-dumped-by-the-german-government/" rel="nofollow noopener" target="_blank">substantial wave of BTC accumulation</a> in July.</p> 
<h2 id="spot-bitcoin-etfs-holdings-surpass-900-000-btc">Spot Bitcoin ETFs Holdings Surpass 900,000 BTC</h2> 
<p>Spot Bitcoin ETFs have accomplished an unprecedented feat, as the <a href="https://bitcoinist.com/bitcoin-etf-issuers-5-btc-supply/">United States BTC ETF holdings</a> have now surpassed a staggering 900,000 BTC valued at more than $60 billion.&nbsp;Nate Geraci, President of the ETF Store revealed in a recent X (formerly Twitter) <a href="https://x.com/nategeraci/status/1814791990955155666?s=46" rel="nofollow" target="_blank">post</a> that the US Spot Bitcoin ETFs recent 900,000 BTC milestone represents about 4.3% of BTC’S total supply of 21 million BTC in the market. Additionally, this massive BTC holding <a href="https://x.com/pivfund2100/status/1814131039427854624?s=46" rel="nofollow" target="_blank">accounts for</a> 82% of the nearly 1.1 million BTC held by global BTC ETFs.&nbsp;</p> 
<p>According to market <a href="https://farside.co.uk/?p=1321" rel="nofollow noopener" target="_blank">data</a> from Farside Investors, a London-based investment management company, Spot Bitcoin ETFs have <a href="https://bitcoinist.com/spot-bitcoin-etf-inflows-reach-2-month-high-heres-how-much-they-bought/">witnessed a major increase in inflows</a>, reflecting a surge in demand for the digital asset.&nbsp; In less than two weeks, Spot Bitcoin ETFs witnessed approximately $2.38 billion in net inflows. This substantial increase has effectively propelled its total net inflows to $17 billion since its launch on January 11, 2024.&nbsp;</p> 
<p>Farside Investors data also revealed that Spot Bitcoin ETFs have seen 11 days of consecutive inflows. The <a href="https://bitcoinist.com/bitcoin-etfs-surge-with-384-million-inflows/">highest inflow recorded </a>within this time frame was about $383.6 million on July 19.&nbsp;At the time, <a href="https://www.newsbtc.com/news/blackrock-largest-bitcoin-fund/" rel="nofollow noopener" target="_blank">BlackRock’s iShares Bitcoin Trust (IBIT) </a>&nbsp;led with an impressive inflow of $116.2 million. Over the past two weeks, BlackRock has also attracted the highest amount of inflows, followed by <a href="https://www.newsbtc.com/news/fidelity-bitcoin-spot-etf-records-1-billion-in-net-inflows-details/" rel="nofollow noopener" target="_blank">Fidelity Wise Origin Bitcoin Fund (FBTC).</a>&nbsp;</p> 
<p>As a key contributor to the 900,000 BTC milestone achieved by the US Spot Bitcoin ETFs, the <a href="https://bitcoinist.com/blackrock-amplifies-its-btc-bet-as-spot-bitcoin-etf-aum-barrels-past-21-billion/">Assets Under Management (AuM) </a>of BlackRock’s IBIT now <a href="https://www.ishares.com/us/products/333011/ishares-bitcoin-trust" rel="nofollow noopener" target="_blank">manages</a> approximately 325,449 BTC, valued at about $21 billion. This <a href="https://bitcoinist.com/blackrock-bitcoin-etf-beats-okx-and-kraken-holdings/">significant BTC holding </a>highlights BlackRock’s rapid success, with its Spot BTC ETF achieving a multi-billion dollar status in less than six months.&nbsp;</p> 
<h2 id="btc-accumulation-grows-in-july">BTC Accumulation Grows In July</h2> 
<p>Amidst the 900,000 surge in the US Spot Bitcoin ETFs holdings, BTC has seen a significant<a href="https://www.newsbtc.com/news/bitcoin-accumulation-btc/" rel="nofollow noopener" target="_blank"> spike in accumulation</a>. This growth is likely driven by the recent <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-regains-68k/" rel="nofollow noopener" target="_blank">shift in BTC’S bearish trend</a>, possibly sparking an increase in investors’ demand for the cryptocurrency.&nbsp; According to <a href="https://x.com/cryptocappex/status/1813464818449326313?s=46" rel="nofollow" target="_blank">reports</a> from a crypto analyst identified as ‘Crypto Capex,’ on X, <a href="https://bitcoinist.com/institutions-gobble-up-billions-in-bitcoin-etfs/">BTC accumulation into Spot Bitcoin ETFs</a> has intensified significantly in July, while the availability of BTC on exchanges continues to dwindle.&nbsp;</p> 
<p>Glassnode has also <a href="https://x.com/afroreporter/status/1815023992425583045?s=46" rel="nofollow" target="_blank">disclosed</a> a notable increase in the BTC<a href="https://www.newsbtc.com/news/bitcoin-buzz-accumulation-trend-peaks-at-a-3-year-high-whats-driving-the-surge/" rel="nofollow noopener" target="_blank">&nbsp;accumulation trend</a>, which surged from 0.05 on June 1 to 0.44 by July 10. Based on the data, the number of <a href="https://www.newsbtc.com/news/bitcoin-whales-maintain-positive-accumulation-behavior-ahead-of-2024-halving-report/" rel="nofollow noopener" target="_blank">BTC whales</a> holding at least 1,000 BTC rose from 1,640 on July 1 to 1,643 on July 10. This move highlights the growing demand for BTC in July.</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/bEJ0oNi4/" alt="Bitcoin price chart from Tradingview.com" width="3286" height="1518">

Spot Bitcoin ETFs Issuer Holdings Surge Past 900,000 BTC Amid Massive July Accumulation

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