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Michael Saylor Reveals Bitcoin ETFs Holding 1 Million BTC

Michael Saylor Reveals Bitcoin ETFs Holding 1 Million BTC
Bitcoin ETFs have accumulated more than 1 million BTC, marking huge achievement on cryptocurrency market

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Michael Saylor, Chairman of MicroStrategy and a prominent Bitcoin advocate, has revealed that 34 Spot Bitcoin ETFs now hold over one million BTC, totaling 1,031,973 BTC. This milestone marks a significant achievement in the cryptocurrency market, indicating that institutional and retail investors are increasingly turning to Bitcoin ETFs. BlackRock's iShares Bitcoin Trust has become the world's largest fund for Bitcoin, surpassing Grayscale's Bitcoin trust, while Fidelity Wise Origin Bitcoin Fund is in third place. Saylor's own company, MicroStrategy, owns 214,400 Bitcoins as of May 1, 2024. U.S. exchange-traded funds investing in Bitcoin have marked net inflows for the 19th consecutive day, with 11 Bitcoin ETFs garnering $131 million in inflows on June 7. Despite a report showing increased U.S. job growth in May, Bitcoin remained relatively stable at $69,315.