Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi
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.
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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.
Historically, only crypto-native companies held bitcoin on their balance sheets. However, a significant structural shift has occurred over the past four years. Public and private companies are now embracing bitcoin, motivated by economic, geopolitical, and regulatory factors.
In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.
Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.
The institution set up a multi-legged strategy in Derive’s onchain options market, generating $25 million in volume.
The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell nearly 2% while bitcoin lost 1%
Traders say BTC is headed to new highs regardless of a Democrat or Republican win.
The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, lost 2.1%.
A widely-tracked momentum indicator has flipped positive for the first time since April.
Bitcoin ETFs have purchased around 48 days of the mined bitcoin supply in the past four trading days.