Bitcoin ETFs Hold 8.5% of BTC as IBIT Ends Outflows
Spot Bitcoin exchange-traded funds currently hold 8.5 percent of the total circulating Bitcoin supply as BlackRock's IBIT ends a two-day outflow streak.
Spot Bitcoin exchange-traded funds collectively hold 8.5 percent of the total supply of Bitcoin, according to data reported by Yahoo Finance. The milestone comes as BlackRock's iShares Bitcoin Trust ($IBIT) officially concluded a two-day run of outflows.
ETF Holdings and Market Impact
Instant Telegram notifications for large on-chain moves.
The broader market continues to monitor the pace of institutional accumulation through exchange-traded products. As inflows fluctuate across various issuers, traders are closely watching critical price levels, including whether Bitcoin ($BTC) can hold the $79,200 support threshold following recent market movements.
Key facts
- Spot Bitcoin ETFs own 8.5% of the total circulating Bitcoin supply.
- BlackRock's IBIT ended a two-day streak of outflows.
- Market observers are tracking whether BTC can hold the $79,200 level.
Source: news.google.com
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
