The ETF Store President: IBIT's holdings have exceeded 300,000 bitcoins, and believes institutional investors are just beginning to enter the market

2024-06-07 12:45:51

Collection

ChainCatcher news, The ETF Store President Nate Geraci stated: "In less than 5 months, the iShares Spot Bitcoin ETF (IBIT) now holds over 300,000 bitcoins, accounting for nearly 1.5% of the total bitcoin supply.

IBIT has seen nearly $800 million in net inflows this week alone. This is not a view on price, but I believe that advisors and institutional investors are just beginning to enter this market."

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.