U.S. Spot Bitcoin ETFs Hold Over 1 Million BTC: Key Insights

US Spot Bitcoin ETFs Reach Milestone of Over 1 Million BTC

In a significant development for the cryptocurrency market, data from Dune Analytics, reported by Odaily, reveals that the total on-chain holdings of US spot Bitcoin Exchange-Traded Funds (ETFs) have recently surpassed 1 million BTC. As of now, these holdings amount to approximately 1.04 million BTC.

Current Market Impact

This massive accumulation now represents 5.26% of the total current Bitcoin supply. The on-chain holding value is estimated to be around $69.1 billion, indicating a robust interest and investment in Bitcoin through these ETFs.

Growth since Launch

Since the inception of US spot Bitcoin ETFs, the market has witnessed a net inflow of approximately 420,700 BTC. This suggests a growing confidence among institutional investors, with about 47,900 BTC flowing in just last week alone.

Conclusion

The surge in on-chain holdings of Bitcoin ETFs not only highlights the increasing acceptance of Bitcoin as an investment vehicle but also reflects broader trends in the cryptocurrency landscape, making it a critical area for observers and participants in the market to watch.

Key Takeaways:

• 1.04 million BTC held in US spot Bitcoin ETFs.
• 5.26% of total Bitcoin supply represented by ETF holdings.
• On-chain holdings valued at approximately $69.1 billion.
• Net inflow of 420,700 BTC since ETF launch.
• Recent inflow of 47,900 BTC in just one week.

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