Bitcoin ETFs Now Hold Over 1 Million BTC: Michael Saylor
The post Bitcoin ETFs Now Hold Over 1 Million BTC: Michael Saylor appeared first on Coinpedia Fintech News
The spot BTC ETFs have attained a significant milestone as Michael Saylor underscored that the 34 Spot BTC ETFs now hold over 1 million BTC, which is 1,031,973 BTC. This signifies the increasing interest of institutional and retail investors in Bitcoin ETFs. Net inflows for the 19th consecutive day were recorded in the last week by the US ETFs which took the digital assets price to a new high. Notably, Bitcoin recorded massive $1.97B inflows for the week. Saylor’s MicroStrategy is also known for its fierce BTC accumulation as it held 214,400 Bitcoins as of May 1, 2024.
