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Institutional investors buy 3% of the total supply of BTC in 2024

Friday, December 20, 2024

Cryptoslate quoted the K33 report, "Institutional investors bought a total of 859,454 BTC in 2024. This is equivalent to 3% of the total supply of BTC." The media said, "Currently, BTC spot ETF holds 1.4 million BTC, and in the case of Black Rock IBIT, it recorded a net inflow of $36.7 billion in 239 trading days, surpassing the gold ETF record. Also, as of the 16th (local time), the net asset size of U.S. Bitcoin spot and derivatives ETFs overtooked the gold fund for the first time."