ETFs
Bitcoin ETFs now hold over 1 million BTC: Michael Saylor
Spot BTC ETFs reached a milestone as Michael Saylor highlighted that the 34 Spot BTC ETFs now hold over 1 million BTC, or 1,031,973 BTC. This demonstrates the growing interest in Bitcoin ETFs from institutional and retail investors. Net inflows for the 19th consecutive day were recorded last week by US ETFs, which took the price of digital assets to a new high. Notably, Bitcoin saw massive inflows of $1.97 billion for the week. Saylor’s MicroStrategy is also known for its fierce BTC accumulation as it held 214,400 Bitcoins as of May 1, 2024.