President of The ETF Store: IBIT's holdings have exceeded 300,000 Bitcoins, institutional investors are just beginning to enter the market
June 7 news, Nate Geraci, President of The ETF Store, stated that in less than five months, iShares Spot Bitcoin ETF (IBIT) now holds over 300,000 bitcoins, accounting for nearly 1.5% of the total bitcoin supply. IBIT has just had a net inflow of nearly $800 million this week alone. This is not a view on price but I believe that 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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