Bitcoin ETPs now have more than 1,47 million Bitcoins, which is 7% of Bitcoin’s 21-million coin maximum supply.
As of August 31, the US exchange-traded fund for Bitcoin (BTC), with its 11 funds, held more than 1.29 million BTC. according Data from X, account HODL15Capital shared Monday.
BlackRock’s iShares Bitcoin Trust Fund ETF (IBIT), held the largest amount of Bitcoins out of all funds, with 746.810 BTC. Fidelity’s Wise origin Bitcoin fund (FBTC), was second, holding just under 199.500 BTC.
The Global Bitcoin ETPs has added 170,000 BTC between December 31, 2024 and august 31, 2025. This is worth about $18.7 Billion.
Bitcoin ETPs are in high demand seems to be slowing downCoinShares, a cryptocurrency fund management company, reported that Ethereum ETPs had attracted $3.95 billion inflows during the same time period.
Bitcoin demand slows
Crypto whales are reducing the demand for Bitcoin. rotated billions of dollars toward Ether (ETH)
Over the course of 12 hours, on Monday, a Bitcoin Whale sold 4,000 BTC worth 96,859 Ether. The whale now holds $3.8 billion worth of Ether.
Arkham, a blockchain data platform, reported Wednesday that nine whales had collectively made a profit with Bitcoin and moved to ETH. with their buys amounting to $456 million.
Related: US ETFs now a major source of Bitcoin spot trading volume: CryptoQuant
Bitcoin’s decline comes as September is a month of record highs for the cryptocurrency. historically been the weakest month for the asset, while the price of gold notches higher.
One of the factors that may cause investors to avoid betting on Bitcoin, is the fact that up to 92 crypto ETFs have been filed with the US Securities and Exchange Commission. Some of the most anticipated funds track Solana (SOL), and XRP(XRP), are due for the final regulators decision in October.
PlanC, a pseudonymous Bitcoin analyst, said Bitcoin was destined to fail. path to $1 million might face hurdles.
“Instead, we just keep grinding slowly upward to $1,000,000 over the next seven years in a very boring and underwhelming way,” PlanC was said.
Delphi Digital Research is an independent research company. said Bitcoin could rise in value and crash if interest rates are cut by the Federal Reserve, but the company said that the Bitcoin price would remain steady if there isn’t much movement leading up to this rate reduction.
Magazine: XRP ‘cycle target’ is $20, Strategy Bitcoin lawsuit dismissed: Hodler’s Digest, Aug. 24 – 30
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Source: cointelegraph.com
