Bitcoin ETFs surged past 1M BTC amid record inflows. BlackRock’s 12K BTC purchase accelerated institutional dominance while all the...
ETFs have collectively accumulated over 1 million BTC. This is significant as just recently, Eric Balchunas, Senior ETF analyst at Bloomberg, hadthat the ETFs could surpass the holdings of Bitcoin’s pseudonymous creator – Satoshi Nakamoto. At the time, he had projected that this would happen by mid-December.
Other ETFs saw either outflows or no inflows at all. Interestingly, this drop coincided with the king coin losing its standing over the $70,000-level.that IBIT managed to attract more cash than the total of 13,227 ETFs worldwide over the past week. He emphasized that this achievement is particularly significant for an ETF that is still under a year old.IBIT’s remarkable performance didn’t go unnoticed by industry experts.
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