Bitcoin ETFs Around the World Hold More than 1.07 Million BTC
2024-08-19
Bittime - The global Bitcoin ETF now manages more than 1.07 million BTC, indicating growing interest from investors. BlackRock dominates the market. Read more!
Worldwide Bitcoin ETF Holds 1.07 Million BTC
The worldwide Bitcoin ETF market recorded a remarkable milestone on August 16, 2024, with total holdings of over 1.07 million BTC.
This information was revealed by HOL15 Capital through their latest tweet, which shows that forty Bitcoin ETF funds around the world currently manage a total of 1,070,594 BTC.
Increased Interest in Bitcoin ETFs
Investors often choose Bitcoin ETFs as the most popular way to gain exposure to the crypto market without having to buy or hold Bitcoin directly.
These ETFs also make it easier and safer for investors because they don't have to worry about managing private keys or the risks associated with storing crypto assets.
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BlackRock and Bitcoin ETF Market Domination
By continuing to increase the amount of Bitcoin they hold, BlackRock IBIT has become one of the major players in the Bitcoin ETF market, demonstrating its long-term commitment to the crypto asset.
BlackRock's large holdings increase liquidity in the market and increase Bitcoin's credibility as a reliable asset.
The Impact of BlackRock's BTC Holdings
BlackRock's increase in BTC holdings may indicate that large companies are starting to realize how important it is to have exposure to digital assets amid global economic uncertainty.
Conclusion
The latest data shows that Bitcoin ETFs around the world currently manage more than 1.07 million BTC. This shows the growing interest in Bitcoin as an investment instrument.
With big players like BlackRock continuing to increase their BTC holdings, the crypto market seems to be maturing and appealing to different types of investors.
In the coming months, we may see more large institutions start using ETFs to support Bitcoin. This will improve the crypto market.
How to Buy Crypto on Bittime
You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime.
Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
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