Bitcoin ETFs Surge to 1.04 Million BTC Holdings, Representing 5.26% of Total Supply

According to a recent report by COINOTAG, as of October 24, the on-chain assets held by U.S. spot Bitcoin ETFs have surpassed a significant milestone, accumulating a staggering 1.04 million Bitcoins. This impressive figure represents approximately 5.26% of the total Bitcoin supply currently in circulation. The valuations of these holdings have crossed $69.5 billion, highlighting the increasing institutional interest in cryptocurrency investment vehicles. As the demand for regulated Bitcoin investment options continues to grow, the impact of these ETFs on market liquidity and price stability will be closely monitored by industry analysts. With Bitcoin fundamentals strengthening, this trend underscores a pivotal development in the crypto landscape, positioning Bitcoin ETFs as key players in the evolving digital asset market.