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December 12, 2024

Spot Bitcoin ETFs Surpass 500,000 BTC in Cumulative Inflows Since Launch

Spot Bitcoin ETFs are making remarkable strides in the market. They have now surpassed 500,000 BTC in cumulative net inflows since their launch in January. This development highlights the growing acceptance of Bitcoin as a mainstream asset class. These ETFs have absorbed more than 2.5% of Bitcoin’s circulating supply of 19.8 million BTC. The trend demonstrates investors’ increasing appetite for Bitcoin and will likely continue to shape the cryptocurrency landscape as more retail and institutional players join the market.

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