BTCUSD: Funds' Bitcoin holdings hit record as ETF predictions
Amidst increasing market excitement around the potential adoption of a spot ETF in the US, the total amount of Bitcoins held by funds has reached an all-time high.
ByteTree data indicates that in October, holdings of Bitcoin in funds reached a new high of 863,781 BTC, or around $31.71 billion, up more than 20,000.
ProShares' Bitcoin Strategy ETF (BITO), with 47,949 BTC valued at $1.41 billion, is the ETF that possesses the most Bitcoin, according to ByteTree.
One of the biggest winners from the current market frenzy was BITO last week.
Other investment products with BTC worth $960.14 million, $756.08 million, and 603.95 million, respectively, include Bitcoin Exchange Traded Crypto (BTCE), Bitcoin Tracker Euro (XBTE), and Bitcoin Tracker One (XBT).
ByteTree data indicates that in October, holdings of Bitcoin in funds reached a new high of 863,781 BTC, or around $31.71 billion, up more than 20,000.
ProShares' Bitcoin Strategy ETF (BITO), with 47,949 BTC valued at $1.41 billion, is the ETF that possesses the most Bitcoin, according to ByteTree.
One of the biggest winners from the current market frenzy was BITO last week.
Other investment products with BTC worth $960.14 million, $756.08 million, and 603.95 million, respectively, include Bitcoin Exchange Traded Crypto (BTCE), Bitcoin Tracker Euro (XBTE), and Bitcoin Tracker One (XBT).
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