#ETFs and publicly traded companies bought 850,000 Bitcoin.#
Hot Topic Overview
Overview
In 2024, ETFs and publicly listed companies purchased a total of 859,454 Bitcoin, representing 4.3% of the year's circulating supply, equivalent to the total amount of Bitcoin to be issued over the next eight years. This figure indicates a continued growth in institutional investor interest in cryptocurrencies and has had a significant impact on Bitcoin prices.
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 the equivalent of the total Bitcoin issuance 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 could be attributed to Bitcoin's decentralized nature, its anti-inflationary properties, and its potential as digital gold. Continued buying by institutional investors will have a positive impact on Bitcoin's price and drive further gains.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
ETF and listed companies have a huge purchasing power for Bitcoin.
In 2024, they bought a total of 859,454 BTC, accounting for 4.3% of the circulating supply.
The purchase of Bitcoin by ETFs and listed companies is equivalent to absorbing the Bitcoin issuance for the next eight years.
Institutional investors' interest in Bitcoin continues to grow, driving up the price of Bitcoin.
Bitcoin's supply is limited, and continued buying by institutional investors will further push up the price of Bitcoin.