News
Bitcoin ETF holdings in the US hit a new high of over 850,000 tokens
-
US-listed spot bitcoin exchange traded funds hit a new record yesterday with holdings with more than 850,000 BTC in custody, surpassing the previous high of 845,000 BTC from early April.
-
Among ETFs, Grayscale’s GBTC holds the largest amount of bitcoin at over $20 billion, followed by BlackRock’s IBIT at $19.6 billion, while Hashdex Bitcoin ETF is the smallest holder at $12 million.
US-listed spot bitcoin exchange traded funds now hold a record 850,707 BTC in custody, beating the previous high of more than 845,000 from early April.
Among these funds, Grayscale’s GBTC remains the largest bitcoin holder with 289,300 tokens worth more than $20 billion, followed closely by BlackRock’s IBIT with 283,200 and $19.6 billion, according to data tracked by @HODL15Capital.
Spot ETFs closed with their eighth consecutive day of net inflows on Wednesday, gobbling up more than 24,500 BTC in that period. This is a nearly 180-degree turn from the action in recent weeks, with some of the largest ETFs seeing zero inflows and even net outflows on some days.
A change in feeling
The cryptocurrency industry recorded his largest political victory ever in the United States on Wednesday, when the House of Representatives passed a far-reaching bill to establish regulations for digital asset markets, recording a vote of 279-136 that saw Democrats cross party lines to support it.
The Financial Innovation and Technology for the 21st Century Act (FIT21) marks the first time a major cryptocurrency bill has passed either chamber of Congress.
Somewhere else, Bulls largely expect an ether spot ETF to be approved this week in the United States in a sudden policy shift that has seen some analysts raise the odds of approval to more than 75% from the previous 25%.