๐ฅ๐ฅ BlackRock's iShares Bitcoin Trust (IBIT) just hit a new record, holding over 806,700 BTC (~$63.7 billion), making it the largest spot Bitcoin ETF in the world.
๐ฅ Institutional money keeps flowing in, helping IBIT surpass the 800,000 BTC mark after 9 consecutive days of inflow, reflecting the increasing demand for Bitcoin in legitimate investment channels.
๐ However, the race for top holders has heated up as Strategy currently leads with ~815,061 BTC, creating a direct competition between the ETF and treasury businesses.
๐ In summary: The Bitcoin ETF is entering a strong accumulation phase from institutions, pushing the BTC holding race to a new record.
๐ฅ Institutional money keeps flowing in, helping IBIT surpass the 800,000 BTC mark after 9 consecutive days of inflow, reflecting the increasing demand for Bitcoin in legitimate investment channels.
๐ However, the race for top holders has heated up as Strategy currently leads with ~815,061 BTC, creating a direct competition between the ETF and treasury businesses.
๐ In summary: The Bitcoin ETF is entering a strong accumulation phase from institutions, pushing the BTC holding race to a new record.