President of The ETF Store: IBIT holdings have exceeded 300,000 bitcoins, and institutional investors are just beginning to enter the market

On June 7th, Nate Geraci, president of The ETF Store, wrote that in less than 5 months, the iShares Spot Bitcoin ETF (IBIT) now holds more than 300,000 bitcoins, accounting for nearly 1.5% of the total bitcoin supply. IBIT only had a net inflow of nearly $800 million this week. This is not a view on price, but I believe that advisors and institutional investors are just starting to enter the market.