Coin Metrics' State of the Network • 0 implied HN points • 21 Jan 25
- In the past year, Bitcoin ETFs have gathered a lot of money, reaching about $115 billion in assets. This shows strong interest from both individual and institutional investors.
- BlackRock's Bitcoin ETF is leading the pack, holding around 540,000 BTC, while Grayscale has seen a drop in its holdings. This shift indicates a trend towards lower-cost investment options.
- Bitcoin ETFs are changing how people invest in crypto, making it more mainstream. They also help support the demand for Bitcoin, which in turn influences its price movements.