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Spot Bitcoin Funds Surpass 1 Million BTC, as BlackRock’s Bitcoin ETF Sets New Records, Outpacing Traditional Funds

  • BlackRock's IBIT ETF has surpassed $30 billion in value, accounting for 42% of all BTC held by US Bitcoin ETFs.
  • IBIT received significant inflows, leading global ETF cash receipts last week.
  • Despite the success of ETFs, Bitcoin's price remains stagnant and dropped below $70k.
  • US Bitcoin ETFs are on track to surpass Satoshi's Bitcoin stash if they maintain their current pace.

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