U.S. Bitcoin Spot ETFs Surpass 1.47 Million BTC On-Chain Holdings!

Bitcoin ETF On-Chain Holdings Reach New Milestone

Recent data indicates that U.S. spot Bitcoin ETFs have surpassed 1.47 million BTC in on-chain holdings, reaching approximately 1.471 million BTC, which accounts for 7.36% of the total Bitcoin supply. This milestone highlights the growing interest from institutional investors in Bitcoin.

Market Value Drops Below $150 Billion

Despite the record high in holdings, the on-chain value of Bitcoin dipped below $150 billion, currently valued at $149.4 billion. This decrease aligns with overall market fluctuations but hasn’t deterred ETFs from continuing to accumulate.

Market Impact and Future Outlook

The growth in Bitcoin ETF holdings reflects a strong belief in the long-term value of digital assets. As more traditional financial institutions enter the space, the liquidity and influence of Bitcoin are expected to rise further. The performance of ETFs will remain a key focus for the market moving forward.