PANews reported on June 20th, according to Cointelegraph, that the Bitcoin Spot ETF (IBIT) under BlackRock has surpassed $69.7 billion in Assets Under Management, holding 3.25% of the total Bitcoin supply and capturing 54.7% of the U.S. Bitcoin ETF market. Notably, this ETF has entered the top 25 global ETFs in terms of Assets Under Management in less than a year and a half of operation.
According to Glassnode, the average amount of a single Bitcoin transaction currently reaches $36,200, with transactions over $100,000 accounting for 89%, indicating that institutional investors are dominating the market. However, a report from CryptoQuant points out that the number of short-term Bitcoin holders has decreased by 800,000 to 4.5 million since May 27, showing that new market funds are drying up. CryptoQuant believes that if investor demand continues to weaken, Bitcoin may reach 9.2.