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

    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.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    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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