Bitcoin ETF

Bitcoin

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrock-boosts-bitcoin-etf-holdings-to-500380-btc" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock Boosts Bitcoin ETF Holdings to 500,380 BTC</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/analyst-foresees-swift-bitcoin-price-upsurge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETF landscape is witnessing dynamic changes with BlackRock’s IBIT Spot Bitcoin ETF amplifying its holdings to an impressive 500,380 <a href="https://en.bitcoinhaber.net/bitcoin-community-buzzes-with-anticipation-for-fourth-halving-event" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>. This figure now makes up approximately 2.383% of the global Bitcoin supply, while U.S. ETFs collectively control around 5.156% of this asset.</p>
<h2 style="text-align: justify" id="how-much-bitcoin-do-u-s-etfs-own">How Much Bitcoin Do U.S. ETFs Own?</h2>
<p style="text-align: justify">IBIT has emerged as a dominant player in the U.S. Bitcoin ETF market, holding nearly half of all such assets. The total assets under U.S. funds have soared to $103.8 billion, reflecting Bitcoin’s market capitalization of $1.898 trillion. This trend indicates a notable influence that these ETFs have over the Bitcoin market.</p>
<h2 style="text-align: justify" id="what-is-bitcoin-s-current-market-standing">What Is Bitcoin’s Current Market Standing?</h2>
<p style="text-align: justify">At present, Bitcoin ranks as the seventh largest asset globally. To surpass Alphabet’s market capitalization of $2.107 trillion, Bitcoin would need to reach a price point of $108,000. This positions Bitcoin as a significant contender in traditional finance.</p>
<p style="text-align: justify">Recent trading data illustrates a rebound in fund accumulation after a brief profit-taking period, with IBIT and other ETFs raising $670 million between Friday and Monday, contrasting with a $550 million sell-off the prior week. This shows that enthusiasm for Bitcoin remains robust among traders.</p>
<p style="text-align: justify">Key points include:</p>
<ul>
 <li>BlackRock’s IBIT ETF controls over 2.3% of total Bitcoin supply.</li>
 <li>U.S. Bitcoin ETFs now hold assets worth $103.8 billion.</li>
 <li>Bitcoin aims to overtake Alphabet’s value by reaching $108,000.</li>
 <li>Grayscale’s <a href="https://en.bitcoinhaber.net/jupiter-exchange-offers-support-to-investors-after-memecoin-pre-sale-debacle" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> Trust ETF application signals a competitive market.</li>
</ul>
<p style="text-align: justify">The recent actions by BlackRock and Grayscale indicate a thriving Bitcoin market, providing fresh avenues and possibilities for market participants. As competition heats up, these developments are poised to reshape the investment landscape in cryptocurrency.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/blackrock-boosts-bitcoin-etf-holdings-to-500380-btc" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock Boosts Bitcoin ETF Holdings to 500,380 BTC</a></h5>

BlackRock Boosts Bitcoin ETF Holdings to 500,380 BTC

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