Spot Bitcoin ETFs Cross 1,000,000 BTC Holdings In Just 10 Months

Quick Summary:

The spot Bitcoin ETFs continue to hit new milestones every passing day as they surpass 1 million BTC holdings within just 10 days of launch.

BlackRock’s iShares Bitcoin Trust (IBIT) has delivered formidable performance and has been at the forefront of the majority of inflows happening over the past few weeks.

On the other hand, big players like MicroStrategy have been turning bullish while disclosing their plans to buy additional Bitcoins worth $42 billion.“We see the $42 billion as ambitious but not unattainable.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Bitcoin News Bitcoin ETF inflows 24/7 Cryptocurrency News Spot Bitcoin ETFs Blackrock Bitcoin ETF IBIT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 04:58:24 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23345438

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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