Publicly available cryptocurrency market data from sources like CoinMarketCap or CoinGecko

U.S. ETFs Buy 4,760 Bitcoins, Outpacing Mining Output

Nov 30, 2024, 03:47 AM

Major U.S. financial institutions, including Bitwise, Fidelity, and BlackRock, have significantly increased their Bitcoin holdings. Bitwise purchased 273 Bitcoins, Fidelity added 1,097 Bitcoins to its portfolio, and BlackRock acquired 1,409 Bitcoins, amounting to a total investment of $136.10 million. This surge in Bitcoin acquisitions by U.S. ETFs resulted in the purchase of 4,760 Bitcoins on November 29, 2024, far exceeding the daily mining output of 450 Bitcoins.