Posted 2/2/2024, 3:23:38 AM
Major Institutions Secure Limited Bitcoin Supply Ahead of Halving Event
- The 11 recently approved Bitcoin ETF applicants hold about 3.3% of the current Bitcoin supply.
- Major institutions like BlackRock and Fidelity are among those offering Bitcoin ETFs.
- There is currently 19.61 million Bitcoins in circulation.
- The upcoming Bitcoin halving event in April is expected to reduce the rate of new Bitcoin creation.
- Bitcoin ETF approvals did not lead to the immediate price surge some expected.