#ETFs and publicly traded companies bought 850,000 Bitcoin.#
Hot Topic Overview
Overview
In 2024, ETFs and publicly listed companies made a staggering purchase of 859,454 BTC, representing 4.3% of the total circulating supply for the year. This equates to the total amount of Bitcoin to be issued over the next eight years. This phenomenon indicates a growing confidence in the cryptocurrency market by institutional investors, further solidifying Bitcoin's position as digital gold.
Ace Hot Topic Analysis
Analysis
In 2024, ETFs and publicly listed companies purchased a total of 859,454 Bitcoin, representing 4.3% of the circulating supply that year and equivalent to the amount of Bitcoin to be issued over the next eight years. This phenomenon indicates a growing interest in Bitcoin among institutional investors, who are actively incorporating it into their portfolios. This trend could lead to an increase in Bitcoin's price and further drive its adoption as a mainstream asset.
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Public Sentiment
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Classic Views
ETFs and publicly listed companies bought a large amount of Bitcoin in 2024, a total of 859,454.
This figure represents 4.3% of the circulating supply that year.
The number is also equivalent to the amount of Bitcoin to be issued in the next eight years.
This indicates that institutional investors' interest in Bitcoin is growing.