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859,454 Bitcoin acquired by institutions in 2024

December 19, 2024, 7:23 PM
Institutional investors acquired 859,454 Bitcoin in 2024, led by spot ETFs and public companies like MicroStrategy. U.S.-traded ETFs added 561,781 BTC, with BlackRock’s IBIT managing 542,653 BTC. Bitcoin ETFs surpassed gold ETFs in assets under management by year-end, driven by $36.7 billion in inflows. MicroStrategy alone acquired 250,000 BTC, boosting liquidity despite sell-offs from bankruptcy estates. According to CryptoSlate, discussions of a U.S. Bitcoin Strategic Reserve and growing sovereign interest signal increasing adoption.

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