First in Bitcoin History: Corporates Exceeded the 1 Million Threshold!
Bitcoin exchange-traded funds offered through #ETFs and #ETPs around the world shared by HODL15Capital have exceeded the 1 million BTC threshold. The cumulative value of these assets exceeded 68 billion dollars.
While this amount corresponded to 5.08% of the current circulating supply of 19.7 million #BTC , a striking picture emerged.
US-based spot Bitcoin ETFs alone have collected 855,619 Bitcoins since launch on January 10. The average daily inflow to these ETFs was recorded as 6,200 #BTC .
BlackRock and Grayscale were recorded as the two companies that hold the most Bitcoin in their ETFs. According to current data, Grayscale holds 289,040 BTC worth $19.9 billion, while BlackRock holds 287,168 #BTC worth $19.8 billion.
According to on-chain analysis platform LookIntoBitcoin, only 1 million addresses hold 1 BTC or more.
$BTC $ETH