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.
