-
Spot
bitcoin
exchange-traded
funds
will
soon
hold
over
one
million
BTC. -
The
funds
recorded
one
of
their
biggest
week
of
inflows
last
week,
taking
in
over
$2.1
billion
in
just
five
days. -
BlackRock’s
iShares
Bitcoin
Trust
(IBIT)
could
soon
cross
the
400,000
bitcoin
mark.
-
02:12
Solana
Outperforming
Amid
Memecoin
Frenzy -
01:54
BlackRock
Buys
More
MicroStrategy
Shares;
Citi
Debanked
Ripple’s
Brad
Garlinghouse -
04:56
ApeCoin’s
Price
Surge:
What’s
Next
After
the
Blockchain
Debut? -
01:48
Bitcoin
Nears
‘Golden
Cross’
Amid
Rising
U.S.
Treasury
Yields
Concerns
The
holdings
of
the
U.S.
spot
bitcoin
exchange-traded
funds
are
about
to
cross
over
one
million
tokens
after
only
ten
months
of
trading.
Fueled
most
recently
by
major
inflows
into
the
funds
as
bitcoin
(BTC)
rallies
into
the
election,
the
ETFs,
which
only
opened
for
business
on
Jan.
11
of
this
year,
currently
hold
roughly
967,459
tokens.
With
just
a
modest
continuation
of
inflows,
they
are
likely
to
cross
the
one
million
mark
in
the
next
couple
of
weeks,
bringing
them
into
the
territory
of
Satoshi
Nakamoto,
who
owns
1.1
million
tokens,
per
Blockchain.com
data.
The
second
depository
of
bitcoin
is
Binance,
which
held
636,000
BTC
as
of
Oct.
1,
as
laid
out
in
its
Proof
of
Reserves.
It’s
likely
that
most
of
those
holdings
are
not
for
the
exchange’s
own
account,
but
instead
owned
by
its
customers.
BlackRock’s
iShares
Bitcoin
Trust
(IBIT)
currently
holds
396,922
BTC
on
behalf
of
clients,
putting
the
asset
management
giant
in
third
place.
Interest
in
the
ETFs
–
which
had
waned
alongside
months
of
sideways-to-lower
price
action
–
has
picked
up
along
with
bitcion,
which
at
press
time
was
trading
close
to
a
three-month
high
just
shy
of
$68,000.
Last
week,
the
funds
saw
their
biggest
single-day
inflows
since
early
June,
taking
in
over
$555
million
on
Oct.
14,
according
to
data
from
Farside
Investors.
The
total
amount
of
assets
added
to
the
funds
last
week
was
$2.1
billion,
the
strongest
amount
since
March.
The
largest
cryptocurrency
by
market
cap
has
been
rallying
over
the
last
two
weeks
as
a
result
of
several
factors,
possibly
among
them
are
the
apparent
boosted
odds
of
crypto-friendly
Donald
Trump
winning
the
U.S.
presidential
election
in
November.
