VanEck Report: Bitcoin Holds $175 Billion Across ETFs, Nations, and Companies

vaneck bitcoin etf
VanEck’s recent report highlights the significant presence of Bitcoin across various sectors, including ETFs, nations, and both public and private companies. According to the report, approximately $175 billion worth of Bitcoin is currently held within these entities.

The report highlights a rising interest in Bitcoin among institutional investors, encompassing hedge funds, asset management firms, and endowments. These investors increasingly recognize Bitcoin’s potential as a store of value.

The $175 billion in Bitcoin holdings represent roughly 15% of the entire Bitcoin supply, as reported by CoinGecko.

As of the latest data, Bitcoin’s total market capitalization stands at around $1.2 trillion, reflecting a slight decrease from its recent peak.

VanEck introduced a Bitcoin exchange-traded fund (ETF) in January, and it has since amassed $600 million in assets under management.

Moreover, the report emphasizes the expanding acceptance of Bitcoin by merchants and businesses as a form of payment.

Infrastructure developments have made it more convenient for everyday users to engage with Bitcoin. This comprehensive analysis aims to underline Bitcoin’s robust investment potential.

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