ETF Store President: BlackRock's IBIT has broken through 300,000 BTC holdings in less than five months
PANews reported on June 7th that Nate Geraci, the president of ETF Store, stated on platform X that since its listing, BlackRock's Bitcoin spot ETF - iShares Bitcoin Trust (IBIT) has accumulated over 300,000 Bitcoins in less than five months. This is equivalent to nearly 1.5% of the total supply of Bitcoin.
Geraci also said: "IBIT had a net inflow of nearly $800 million this week alone. This is not an opinion about price, but I believe advisors and institutional investors are just beginning to enter this market."
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
How exactly does MegaETH allocate its public offering shares?
Fairly allocate to existing community members and establish a data-driven scoring and allocation system for long-term investors.
PING launches the Launchpad c402.market, aiming to be the Pump.fun of the x402 ecosystem?
c402.market’s mechanism design is more inclined to incentivize token creators, rather than only benefiting minters and traders.
Can Trump's announced $2,000 "tariff dividend" really bring a liquidity feast?
This bonus has no timetable, no eligibility criteria, and does not require approval from Congress.
Who is rewriting the US dollar? The real battleground for stablecoin public chains
Stablecoins are no longer just "digital dollars," but have become the "operating system" of the dollar.
Trending news
MoreCrypto prices
More
