The rapid growth of Bitcoin ETFs, which have accumulated over 936,830 BTC, indicates increasing institutional confidence and market maturity in Bitcoin as an asset.
Crossing the 1 million BTC mark in ETFs would represent a major indicator of Bitcoin's legitimacy, tightening supply in the open market and potentially raising Bitcoin's price.
November 2024 witnessed record inflows of $6.562 billion into Bitcoin ETFs, highlighting an overwhelming demand compared to the limited mining supply of only 13,500 BTC.
The growing popularity of BlackRock's Bitcoin ETF over traditional gold assets signifies a notable shift in investor preferences, portraying Bitcoin as a credible alternative investment.
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