Quick Take

Overcoming previous setbacks, the Purpose Bitcoin ETF’s holdings recently surpassed a significant milestone of 30k Bitcoin, a first since the Luna collapse in June 2022.

Purpose Bitcoin ETF Holdings (Source: Glassnode)
Purpose Bitcoin ETF Holdings (Source: Glassnode)

Furthermore, its assets under management (AUM) have exceeded the $1 billion mark, underscoring the ETF’s resilience in its 18-month recovery period.

From late October 2023 onward, the ETF has seen positive inflows, marking the return of institutional interest, a critical driver of the crypto market. The Purpose Bitcoin ETF has witnessed an unbroken streak of inflows for nine consecutive trading days.

The resurgence in institutional interest appears to be fueled by anticipation of spot ETF approval, an event that could potentially transform the digital asset landscape.

Purpose Bitcoin ETF Flows (Source: Glassnode)
Purpose Bitcoin ETF Flows (Source: Glassnode)

The post Purpose Bitcoin ETF holdings soar past 30k, topping $1 billion amid signs of rising institutional interest appeared first on CryptoSlate.

4 thoughts on “Purpose Bitcoin ETF holdings soar past 30k, topping $1 billion amid signs of rising institutional interest”
  1. Wow, marvelous blog structure! How long have you been blogging for?
    you make running a blog look easy. The whole look of your web site is
    magnificent, let alone the content! You can see similar: dobry sklep and here dobry sklep

  2. An outstanding share! I’ve just forwarded this onto a coworker who was conducting a little homework on this.
    And he actually ordered me dinner simply because I stumbled upon it for him…
    lol. So let me reword this…. Thanks for the meal!!
    But yeah, thanks for spending the time to talk about this issue here on your internet
    site. I saw similar here: e-commerce and also here: sklep online

  3. I am not sure where you’re getting your info, but good topic.
    I needs to spend some time learning much more or understanding more.
    Thanks for great information I was looking for this
    information for my mission. I saw similar here:
    Ecommerce

  4. I was curious if you ever thought of changing the layout of your website?

    Its very well written; I love what youve got to say.
    But maybe you could a little more in the way of content so
    people could connect with it better. Youve got an awful lot of text for only
    having 1 or 2 images. Maybe you could space it out
    better? I saw similar here: Sklep internetowy

Leave a Reply

Your email address will not be published. Required fields are marked *