- Over 35 Bitcoin ETF filings are still pending according to the SEC’s records.
- The biggest of these ETF whales comes with $481 billion assets under management.
- Bitcoin is yet to experience a massive pump caused by these new Bitcoin ETF inflows.
The recent Bitcoin (BTC) dip was in a huge part thanks to the massive outflows from Bitcoin ETFs. Even after the outflows, Bitcoin (BTC) did not dip more than a small percent and since then the market has recovered quite nicely.
Following this, a Bitcoin enthusiast takes a moment to explore all the pending Bitcoin ETF filings. From searching through the US SEC filings there are over 35 Bitcoin forms waiting to be approved and these include a massive opportunity for inflows in value from many renowned financial entities.
The enthusiast even goes on to highlight one of these famed entities. In detail, he highlights the Susquehanna International Group who hold $481 billion assets under management making them the biggest Bitcoin ETF whale yet.
Indeed, this is a very bullish time to be in the crypto space. Most traders and investors believe this will be a bull run like no other, only time will tell how much of an impact will be made for crypto and Bitcoin holders across the globe.
Meanwhile, Michael Saylor, the CEO of MicroStrategy, the company which now holds more than 1% of the Bitcoin total supply makes a bold statement. He says Bitcoin will remain a good investment until the majority does not see it as an investment.
He says giving people 10 years to figure out Bitcoin (BTC) is a good investment, because while they figure it out you would have 100x. It seems Michael Saylor is already way ahead of the market, he’s been accumulating for years and encourages people to invest now before the asset won’t be affordable.
Read Also
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
