ETF Store President: BlackRock's IBIT has broken through 300,000 BTC holdings in less than five months
PANews reported on June 7th that Nate Geraci, the president of ETF Store, stated on platform X that since its listing, BlackRock's Bitcoin spot ETF - iShares Bitcoin Trust (IBIT) has accumulated over 300,000 Bitcoins in less than five months. This is equivalent to nearly 1.5% of the total supply of Bitcoin.
Geraci also said: "IBIT had a net inflow of nearly $800 million this week alone. This is not an opinion about 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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