An unprecedented shift in the cryptocurrency market occurred on Monday as nine traditional asset management firms surpassed MicroStrategy’s Bitcoin holdings through spot Bitcoin ETFs, a report by HODL15Capital confirmed.
Institutional investors are rapidly accumulating Bitcoin, marking a potentially new era of mainstream adoption.
More Than 216,000 BTC in the Hands of TradFi
According to a post on X (formerly Twitter) by HODL15Capital, the spot Bitcoin ETF market now holds 216,309 Bitcoin (worth $10.3 billion), representing more than 1% of Bitcoin’s total supply.
This vast amount has been accumulated within a 20-day window since the US Securities and Exchange Commission (SEC) gave the green light on January 11.
This is more than the 190,000 Bitcoin assets institutional software intelligence giant MicroStrategy holds in its treasury…
…article continues discussing BlackRock’s holdings, Bitcoin ETF inflows, and recent trends