Growing Bitcoin ETF Investments: Bitcoin ETFs currently possess 936,830 BTC, with projections suggesting they could exceed 1 million BTC by 2025. This marks a notable step in Bitcoin’s evolution as a mainstream financial asset.
Significant Investment in November 2024: In November 2024 alone, Bitcoin ETFs attracted investments over 6,562 billion USD, surpassing the mined supply of 13,500 BTC. This heavy demand may tighten market supply and drive prices higher.
Market Scarcity and Institutional Acceptance: Only 2.25 million BTC remain available on exchanges, highlighting Bitcoin’s scarcity. BlackRock’s Bitcoin ETF, holding more than its gold fund, reflects growing institutional confidence in Bitcoin’s potential.