Currently, $175 billion in BTC makes up about 15% of the total capitalization of the first cryptocurrency, which reaches about $1,125 billion. A few days ago, the figure was noticeably higher, but in recent days the Bitcoin rate has fallen from $64,000 to $57,000.
“Interest in Bitcoin among institutional investors is also growing. Hedge funds, asset management firms and endowments are increasingly recognizing Bitcoin's potential as a store of value,” VanEck analysts wrote.
Currently, ETFs account for the largest share – $74.5 billion. In second place are wallets owned by states – $40.7 billion. Wallets of private and public companies account for, respectively, $37.8 billion and $22.3 billion in BTC.
The report also notes that Bitcoin continues to gain popularity as a means of payment and infrastructure for various projects.
Earlier, VanEck CEO Jan van Eck said that investor interest in Bitcoin is growing amid a possible financial crisis in the United States.
Source: Bits
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