Bitcoin

US Bitcoin ETFs Gain Interest from 500+ Companies Following Strong Performance

The post US Bitcoin ETFs Attract Over 500 Organizations with Impressive Performance appeared on Coinpedia Fintech News.

The US Bitcoin ETFs have shown impressive performance, leading to investments from over 500 organizations. It is anticipated that the number of institutional investors embracing BTC ETFs will surpass 700, resulting in a total assets under management (AUM) of $5 billion. Among professional firms, 563 are actively engaging in BTC ETFs, managing assets worth $3.5 billion. Despite professional firms holding only 7-10% of all BTC ETF assets, retail investors remain the majority holders. Millennium Management was recently revealed as the largest holder of BTC ETFs, with an allocation of $2 billion.

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