Developments in the Bitcoin 
$96,654 ETF market continue unabated. BlackRock’s IBIT Spot Bitcoin ETF has reached a significant milestone, increasing its BTC ($87,707.00) assets to 500,380. This amount represents 2.383% of the total Bitcoin supply. U.S.-based ETFs hold a total of 5.156% of the overall supply.
U.S. Bitcoin ETFs Control Over 5% of Supply
BlackRock IBIT holds a leading position in the U.S. Bitcoin ETF market. IBIT constitutes nearly half of all U.S.-based Bitcoin ETFs. The total BTC assets of U.S. funds have reached a value of $103.8 billion, while Bitcoin’s market capitalization stands at $1.898 trillion. The rise of these ETFs indicates significant control over Bitcoin supply.
Recent trade data reveals that funds are re-accumulating after taking profits. Between Friday and Monday, IBIT and other ETFs raised a total of $670 million. In contrast, funds had sold off $550 million the previous week. These figures confirm that investor interest in Bitcoin remains strong.
Bitcoin’s Market Value Competes with Alphabet
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