Michael Saylor Reveals Bitcoin ETFs Holding 1 Million BTC

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Bitcoin ETFs have accumulated more than 1 million BTC, marking huge achievement on cryptocurrency market

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BlackRock’s more than $21.4 billion iShares Bitcoin Trust recently became the world’s largest fund for Bitcoin, surpassing Grayscale's $20.1 billion Bitcoin trust. The $12.3 billion Fidelity Wise Origin Bitcoin Fund is in third place.Saylor’s own company, MicroStrategy, has made headlines for its aggressive accumulation of Bitcoin, owning 214,400 Bitcoins as of May 1, 2024.

In the past week, U.S. exchange-traded funds that invest directly in Bitcoin marked net inflows for the 19th consecutive day, a surge of demand that has helped propel the largest digital currency to a new high. On June 7, the 11 Bitcoin ETFs garnered $131 million in inflows.lost ground after a report showed that U.S. job growth increased in May, while the unemployment rate unexpectedly jumped, providing a mixed picture of the labor market.

 

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