Bitcoin ETFs now hold 1 million BTC 🤑

The investment products took in almost $900 million Wednesday, with nearly all of the inflows going to BlackRock's IBIT.

Author

Stephen Graves
October 31, 2024

📝 What you need to know

Bitcoin ETFs pulled in $893 million Wednesday, as the collective holdings of the investment products crossed 1 million BTC.

The landmark means that Bitcoin ETFs are nipping at the heels of Bitcoin’s pseudonymous creator Satoshi Nakamoto, whose dormant crypto wallets hold 1.1 million BTC.

The bulk of Wednesday’s inflows went to BlackRock’s iShares Bitcoin Trust, which continues to dominate the Bitcoin ETF landscape.

Meanwhile, interest in crypto asset investment products continues to build, with a new filing from a digital asset manager to launch a spot Solana ETF joining a growing pile of applications.

Bitcoin ETFs Now Hold Over a Million BTC as Dominant BlackRock Hits New Peak

Bitcoin ETFs took in almost $900 million Wednesday—nearly all to BlackRock—as the U.S. funds now collectively hold over 1 million BTC.

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💬 Quote of the Day

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“Genesis block Bitcoin cannot be moved as simply as you think. It can be moved, but I need to prepare for it. I’ll do it. Very soon.”

Stephen Mollah, who claims to be Bitcoin inventor Satoshi Nakamoto

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