#Bitcoin fever soars with ETFs#

The approval of bitcoin ETFs in the United States has caused an increase in demand for the cryptocurrency. In just three weeks, two of these funds, BlackRock (IBIT) and Fidelity (FBTC), have acquired more bitcoin than the company MicroStrategy in a month.

Jan3 CEO Samson Mow highlights that the demand for these funds is 10 times greater than the supply of bitcoin. This is because in addition to ETFs, other players such as companies, countries, and individuals are also accumulating bitcoin.

This situation could generate upward pressure on the price of the digital currency.

Synthesis

Bitcoin ETF approval in the US triggers cryptocurrency demand

BlackRock and Fidelity funds accumulate more bitcoin than MicroStrategy in a month

Bitcoin demand is 10 times greater than supply

Bitcoin price could rise

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