BlackRock Bitcoin Spot ETF don pass 700,000 BTC (3.3% supply), e dey show say institution don dey use am plus liquidity dey
BlackRock Bitcoin Spot ETF don pass 700,000 BTC for holdings, wey be about 3.3% of the bitcoin wey dey circulate, and e value reach around $76 billion. Since e launch January 2024, the ETF don gather more than 55% of US spot Bitcoin ETF assets. The fast growth of the Bitcoin Spot ETF show say institutions dey adopt am well well and market get strong liquidity. As the ETF dey provide regulated Bitcoin exposure, e make traditional investors fit diversify their portfolios while e dey tighten supply for exchanges and support price stability. If money still dey flow in, e fit put more pressure for demand, wey fit affect short-term momentum plus long-term market growth.
Bullish
Di tori say BlackRock Bitcoin Spot ETF don pass 700,000 BTC wit steady inflows show say institutional demand dey grow and supply wey dey available for exchange don reduce. For short term, dis fit make price move wella as traders dey expect more ETF purchases. For long term, as institutional adoption and portfolio diversification continue through regulated ETF, e go support steady demand and price increase, wey go boost market confidence overall.