U.S. Spot Bitcoin ETF Holdings Surpass 1 Million BTC

Overview of US Spot Bitcoin ETFs

As of now, it is reported that the total on-chain holdings of US spot Bitcoin ETFs have surpassed 1 million BTC, with the current holdings hitting approximately 1.04 million BTC. This marks a significant milestone in the world of cryptocurrency investment.

Market Influence

This impressive figure accounts for 5.26% of the current Bitcoin supply, underscoring the growing influence of Bitcoin ETFs in the market. The total value of these on-chain holdings is around $69.1 billion, showcasing the substantial financial commitment being funneled into Bitcoin through these investment vehicles.

Investment Trends

Since the launch of US spot Bitcoin ETFs, there has been a noteworthy net inflow of about 420,700 BTC. This positive trend indicates increasing investor interest and confidence in Bitcoin as a viable asset class.

Recent Activity

In the last week alone, approximately 47,900 BTC flowed into these ETFs, suggesting that institutional and retail investors are actively seeking opportunities within the Bitcoin space.

Conclusion

The data from Dune highlights the growing integration of Bitcoin into mainstream financial instruments through spot ETFs. As these holdings continue to grow, they could have implications for Bitcoin’s price dynamics and overall market stability.