2024-05-29
According to data from HODL15Capital, 32 spot bitcoin ETFs now hold 1 million BTC. This equal to 4.77% of bitcoin’s max supply.
On May 27, 2024, 32 spot bitcoin ETFs now hold 1 million BTC hold 1,002,343 BTC worth $69.161 billion.
A Spot Bitcoin ETF is an
exchange-traded fund that provides investors with exposure to the actual, or
“spot”, price of Bitcoin without the need to directly own the cryptocurrency.
The ETFs backed by an equivalent amount
of bitcoin share sold, meaning it’s actually backed by Bitcoin itself.
Spot bitcoins ETFs provide ease of investment,
you can buy it from traditional stock exchanges.
It accessible for retail investors and
those seeking exposure in retirement accounts.
