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    Home » Bitcoin ETFs Approach 1 Million BTC Mark with Soaring Retail Interest
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    Bitcoin ETFs Approach 1 Million BTC Mark with Soaring Retail Interest

    By adminOct. 28, 2024No Comments1 Min Read
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    Bitcoin ETFs Approach 1 Million BTC Mark with Soaring Retail Interest
    Bitcoin ETFs Approach 1 Million BTC Mark with Soaring Retail Interest
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    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.

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    Previous ArticleBitcoin Skyrockets to 69000 Amidst Last Weeks Turbulence
    Next Article Investor Caution Heightened as XRP Price Declines and LongTerm Holders Reallocate Assets

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