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BTCUSD: Funds' Bitcoin holdings hit record as ETF predictions

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BINANCE:BTCUSD   比特幣
Amidst increasing market excitement around the potential adoption of a spot ETF in the US, the total amount of Bitcoins held by funds has reached an all-time high.
ByteTree data indicates that in October, holdings of Bitcoin in funds reached a new high of 863,781 BTC, or around $31.71 billion, up more than 20,000.
ProShares' Bitcoin Strategy ETF (BITO), with 47,949 BTC valued at $1.41 billion, is the ETF that possesses the most Bitcoin, according to ByteTree.

One of the biggest winners from the current market frenzy was BITO last week.

Other investment products with BTC worth $960.14 million, $756.08 million, and 603.95 million, respectively, include Bitcoin Exchange Traded Crypto (BTCE), Bitcoin Tracker Euro (XBTE), and Bitcoin Tracker One (XBT).

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