Bitcoin-focused investment vehicles now command an impressive cache of over one million BTC, translating to around $67 billion in current market value. This milestone underscores an evolution in the cryptocurrency investment landscape, with the bulk of this growth anchored in the U.S. through spot and futures bitcoin ETFs.

One million bitcoins are now managed by bitcoin ETFs, ETPs, and trackers worldwide!

This is equivalent to 5.13% of BTC’s circulating supply.

These investment vehicles have seen year-to-date net inflows of 161,700 BTC – carried by the massive U.S. ETF launch. pic.twitter.com/j1VMO1nGZY

— Vetle Lunde (@VetleLunde) March 5, 2024

Leading the Investment Wave

The majority of this investment boom, over 83%, is concentrated in the U.S., highlighting the country’s prominence in the global crypto investment arena. U.S. spot bitcoin ETFs have emerged as powerhouses, accumulating nearly 700,000 BTC since their introduction earlier this year. 

[1/4] Bitcoin ETF Flow – 04 March 2024

All data in. Very strong day with +$562m net flow. Fidelity very strong with a record day

Not the best day for diversity, with smaller players BTCO, HODL & BTCW all having outflows pic.twitter.com/drCrg6EzsN

— BitMEX Research (@BitMEXResearch) March 5, 2024

The financial world took notice on March 4, as Fidelity’s FBTC fund alone saw a record influx of over $404 million in a single day. Such figures demonstrate the market’s appetite for Bitcoin investments and highlight the dominance of entities like BlackRock and Fidelity.

This surge in Bitcoin investment funds represents a notable shift, reflecting a broader acceptance of cryptocurrencies as a legitimate and valuable part of investment strategies. As the landscape continues to evolve, this milestone clearly indicates Bitcoin’s growing influence and potential within the global financial ecosystem.

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