#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 circulating supply that year and the equivalent of the total amount of Bitcoin to be issued over the next eight years. This phenomenon indicates a growing interest in Bitcoin among institutional investors, which could have a positive impact on the future price of Bitcoin.
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 trend could lead to sustained price increases in Bitcoin in the coming years, as institutional demand continues to drive market demand.
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.
This purchasing power is equivalent to the Bitcoin issuance in the next eight years.
It shows that institutional investors' recognition of Bitcoin is constantly increasing.
The continuous buying of Bitcoin by institutional investors will have a positive impact on the market and drive Bitcoin prices up.
Bitcoin's supply is limited, and the massive buying by institutional investors will further reduce the circulating supply, which may lead to price fluctuations.