President of The ETF Store: IBIT holds more than 300,000 bitcoins, and institutional investors are just beginning to enter the market
The ETF Store President Nate Geraci wrote: "In less than 5 months, the iShares Physical Bitcoin ETF (IBIT) now holds over 300,000 bitcoins, accounting for nearly 1.5% of the total bitcoin supply."IBIT has only netted nearly $800 million in funds this week. This is not a view on price, but I believe advisors and institutional investors are just beginning to enter this market."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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