Spot Bitcoin ETFs Control 3.3% of Total Supply

Spot Bitcoin ETFs Control 3.3% of Total Supply



The launch of Bitcoin exchange-traded funds (ETFs) has ignited discussions about Bitcoin's future and its availability. While its price hasn't seen immediate changes, the green light for Bitcoin ETFs has led to a notable shift, with major financial institutions like BlackRock, the biggest asset manager globally, starting to gather more Bitcoin through these ETFs.



This move has sparked optimism that the growing interest from everyday investors in Bitcoin ETFs could drive up its price in the future.



A recent analysis revealed that the 11 entities that have been approved to offer spot Bitcoin ETFs now control about 3.3% of all Bitcoin currently available.



The list of these newly approved Bitcoin ETF providers includes big names like Grayscale, BlackRock, Fidelity, and several others, indicating a significant interest from


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#Adoption, #Altcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #News, #Regulations

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