Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin ETFs Near 1 Million BTC Milestone as Retail Demand Surges

Bitcoin ETFs Near 1 Million BTC Milestone as Retail Demand Surges

CryptodnesCryptodnes2024/10/29 01:44
By:Cryptodnes

ETF analyst Nate Geraci has noted a major milestone for Bitcoin exchange-traded funds (ETFs), which are now nearing a collective 1 million BTC in holdings - around 5% of Bitcoin’s total supply.

Last week alone, Bitcoin (BTC) ETFs saw inflows totaling $988 million.

Spot bitcoin ETFs now about 23,000 away from holding 1,000,000 btc…

Or almost 5% of btc final total supply.

via @apollosats pic.twitter.com/QnrOPr6vPX

— Nate Geraci (@NateGeraci) October 28, 2024

BlackRock’s IBIT ETF dominated inflows, bringing in a remarkable $1.15 billion within one week.

In contrast, spot Ethereum (ETH) ETFs have lagged significantly, attracting only $78.89 million as investors continue to show limited interest.

READ MORE:
Analyst Predicts Slower Liquidity Surge for 2025 – What It Means for Markets and Bitcoin

On October 25, IBIT alone secured $291 million in fresh capital, aligning with Bitcoin’s recent price surge to $68,600.

Data indicates that demand for Bitcoin ETFs is driven mainly by retail investors.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like