Global Bitcoin investment funds currently hold over 1 million BTC, worth approximately $67 billion
The Block cited data from the encryption research company K33, including global Bitcoin investment funds such as US ETFs currently managing over 1 million BTC, valued at approximately $67 billion based on current prices, accounting for 5.13% of the circulating supply of Bitcoin.
Most of it (over 83%) is attributed to US spot and futures Bitcoin ETFs. Europe and Canada follow closely behind the US as the second and third largest markets for Bitcoin investment tools.
According to Glassnode's data, out of over 1 million BTC, nearly 700,000 BTC are managed solely by the recently launched Bitcoin spot ETF in the United States.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bloomberg ETF Analyst: Doge ETF and XRP ETF Expected to Launch This Thursday
Data: Two whales withdrew 98.24 million MERL, worth approximately $14.9 million, from CEX in the past 6 days
The hacker who stole $300 million from an exchange's users sells 3,976 ETH
Trending news
MoreCrypto prices
More
