Bitcoin Bag (ETPS) products now have more than 1.47 million Bitcoin, which amounts to 7% of the maximum coins of the 21 million cryptocurrency.
The funds contributed in the US stock -headquarters.
The ETF (Ibit) of Ishares Bitcoin Trust (Ibit) of Blackrock maintained the largest amount of funds at 746,810 BTC, while the Fidelity Wise Origin Bitcoin Fund (FBTC) was the second largest with its holdings of just under less than 199,500 BTC.
Global Bitcoin ETPS has added more than 170,000 BTC, for an approximate value of $ 18.7 billion, between December 31, 2024 and August 31, 2025.
The Bitcoin ETP demand seems to be decreasing, since Global Bitcoin ETPs saw a net exit of $ 301 million for the month of August, while Ethereum funds attracted tickets of $ 3.95 billion during the same period, Coinshares reported Monday.
Bitcoin’s demand slows down
Bitcoin’s demand is slowing down as cryptographic whales have rotated billions of dollars to Ethher (ETH).
On Monday, a Bitcoin whale sold 4,000 BTC by 96,859 ether in the period of 12 hours. The whale now has $ 3.8 billion in ether.
The Blockchain Arkham data platform reported Wednesday that nine whales have collectively reserved a Bitcoin gain and have rotated ETH, with their purchases worth $ 456 million.
Related: USA ethfs is now an important source of Bitcoin’s spots trade volume: Cryptoquant
The recession in Bitcoin occurs at a time when September has historically been the weakest month for the asset, while the price of gold is looked higher.
Another factor that is probably causing investors to save Bitcoin bets is that up to 92 ETFs related to cryptography are pending with the United States Stock Exchange and Securities Commission, with some of the most anticipated funds that track Solana (Sun) and XRP (XRP) with the final decision of regulators in October.
Bitcoin’s pseudonym analyst said that Bitcoin’s path to $ 1 million could face obstacles.
“On the other hand, we continue to slowly increase to $ 1,000,000 in the next seven years in a very boring and disappointing way,” said Planc.
Delphi Digital Research firm said Bitcoin could meet and then crash after the Federal Reserve reduces interest rates, provided that the increases in assets in advance price; However, the firm said that the price of Bitcoin will remain stable if it does not get much activity prior to the Fed rate cut.
Magazine: XRP ‘Cycle Target’ costs $ 20, demand for bitcoin strategy dismissed: Hodler’s Digest, August 24 – 30.
