4E: BlackRock Holdings exceed 700,000 BTC, encryption ETF demand far exceeds Miner supply
BlackRock's IBIT Bitcoin Spot ETF had a net inflow of $165 million this week, with total holdings exceeding 700,000 BTC and a market capitalization of $75.5 billion. Institutional demand continues to outstrip supply, driving the positive fundamentals of BTC. Meanwhile, U.S. regulators are considering simplifying the ETF approval process, and the market structure is being reshaped by institutional holdings and regulatory changes, requiring investors to follow the dynamics.