President of The ETF Store: IBIT holdings have exceeded 300,000 bitcoins, and institutional investors are just beginning to enter the market
2024-06-07 04:49:54
On June 7th, Nate Geraci, president of The ETF Store, wrote that in less than 5 months, the iShares Spot Bitcoin ETF (IBIT) now holds more than 300,000 bitcoins, accounting for nearly 1.5% of the total bitcoin supply. IBIT only had a net inflow of nearly $800 million this week. This is not a view on price, but I believe that advisors and institutional investors are just starting to enter the market.
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