[U.S. Bitcoin ETF holdings hit new high, exceeding 850,000 tokens]
U.S.-listed spot Bitcoin exchange-traded funds (ETFs) hit a new high yesterday with holdings of more than 850,000 Bitcoins, surpassing the previous record of 845,000 Bitcoins set in early April.
Among these ETFs, Grayscale's GBTC holds the largest amount of Bitcoin, worth over $20 billion, followed by BlackRock's IBIT, worth $19.6 billion, while the Hashdex Bitcoin ETF is the smallest holder, with just $12 million. .
The spot ETF ended its eighth consecutive day of inflows yesterday, taking in more than 24,500 BTC during the period. This is a nearly 180-degree turn from the past few weeks, when some major ETFs saw zero inflows or even net outflows.
The cryptocurrency industry scored its biggest U.S. policy victory on Wednesday, when the House of Representatives voted 279 to 136 to pass a sweeping bill to establish regulations for digital asset markets, with Democrats supporting the bill across party lines.
The Financial Innovation and Technology for the 21st Century Act (FIT21) marks the first major crypto bill to pass a chamber of Congress.
Additionally, bulls widely expect the U.S. to approve a spot Ethereum ETF this week, a sudden policy shift that has some analysts raising the odds of approval to over 75% from an earlier 25%.
