In the past week, as institutional funds have been pouring in, the BTC holdings of U.S. Bitcoin (BTC) spot ETfunds have increased by over 10,000. Amid the volatility in traditional financial markets, the BTC price continues to rise, reaffirming its status as 'digital gold'.
According to Coinglasss, a virtual asset data platform, as of 10 AM on the 22nd, 10 out of the top 11 Bitcoin spot ETFs listed in the U.S. have increased their BTC holdings in the past 7 days. During this period, the ETFs' BincreasedTC by approximately 12,070 BTC. Fidelity's FBTC led the buying trend with 7,838 BTC, followed by BlackRock's IBIT with 2,204 BTC. Additionally, ArkB (429 BTC) and Bitwise's BITB (799 BTC) also increased their BTC holdings. In contrast, Grayscale's GBTC was the only one decrease decreasing by 615 BTC.
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According to Coinglasss, as of 10 AM on the 22nd, 10 out of the top 11 Bitcoin spot ETFs listed in the U.S. have increased their BTC holdings in the past 7 days. Coinglasss.
Analysis suggests that institutions are re-focusing on BTC as a strategic alternative asset amid weakening stock markets and dollar. This is due to financial market instability, including Donald Trump's criticism of the Federal Reserve and uncertain tariff policies.
Kim Min-seung, head of Korbit Research Center, diagnosed that "TC Even in the recent sharp decline of the U.S. stock market, the BTC decline was limited, to which again highlighted its characteristics as a safe asset." The fact that the U.S. asset management company Strategy added 6,556 BTC on the 21st, increasing its holdings to 538,200,200 B BTC, also had an impact.
The BTC price is also rebounding. BTC has risen 3.22% in the past week, breaking through $88,000 for the first time this month. In. the days the S&P 500 index fell 5.21%, the Fell .86%, and the the Index (DXY) fell 1.65%.<
Experts believe that possibility thatTC is increasingly likely to establish itself as an alternative asset like gold. Tom Lee, co co-founder of Fundstrat, recently told CNBC that "BhasTC has a lot ofroom of room to catch catch up with gold as a non-dollar asset." This means that as theTC dollar value becomes more unstable, preference for preference for non-non--dollarolassets like BmayTC increase.<.<.- Do Ye-ri Reporter
- yeri.do@sedaily.com
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