Bitcoin ETF issuers have purchased more than 86,000 Bitcoins, with a total investment of US$3.63 billion.
On-chain analyst Ali stated that Bitcoin ETF issuers, excluding Grayscale, have collectively purchased over 86,320 bitcoins at an average price of $42,000, with a total investment of up to $3.63 billion. This large investment may indicate that institutional investors are taking a long-term, strategic approach to holding Bitcoin, rather than just investing during price peaks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackRock clients see Bitcoin as hedge amid rising US debt concerns
Former US President Donald Trump Made a Payment Using Bitcoin
The 45th President of the United States, Donald Trump, paid the bill using Bitcoin (BTC) at a venue he visited today. Here are the details.
Cencora Pays Record $75M Ransom in Major Cyberattack
In its July quarterly report, Cencora reported $31.4 million in expenses mainly due to the cybersecurity breach.
SEC settles with Rari Capital over DeFi pools, unregistered broker activity
Trending news
MoreCrypto prices
More
