Bitcoin fund holdings hit record high as ETF anticipation stirs optimism

Data from ByteTree shows that the amount of BTC held by funds increased by more than 20,000 in October to its record high of 863,434 BTC, approximately $31.7 billion.

ProShares’ Bitcoin Strategy ETF (BITO) holds the largest amount of BTC, with 47,949 BTC worth $1.41 billion.