Bitcoin has surged to become the world’s fifth-largest asset by market capitalization, fueled by a robust buying spree from US spot Bitcoin ETFs.
This milestone reflects growing institutional adoption, with corporate Bitcoin holdings more than doubling in recent weeks, signaling increased confidence in BTC as a strategic asset.
According to COINOTAG, “The sustained inflows into spot Bitcoin ETFs have been pivotal in driving Bitcoin’s market cap beyond major global corporations, underscoring a shift in asset allocation trends.”
Bitcoin’s market cap surpasses Amazon, driven by US spot ETF inflows and institutional adoption, marking a new milestone in crypto asset valuation.
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Bitcoin’s ascent to the fifth-largest global asset is largely attributed to a seven-day consecutive buying streak from US spot Bitcoin ETFs, which injected over $1 billion in net positive inflows in a single day. This influx of liquidity has been critical in sustaining Bitcoin’s price momentum, pushing it to an all-time high of $122,600. The ETFs’ dominance in new Bitcoin investments—accounting for 75% over a recent two-week period—illustrates how institutional investors are increasingly leveraging regulated financial products to gain exposure to BTC.
The growing institutional embrace of Bitcoin is evident in the surge of companies holding BTC on their balance sheets. The number of corporate Bitcoin holders has more than doubled since early June, reaching over 265 entities. Collectively, these companies hold approximately 3.5 million BTC, representing a significant portion of the circulating supply. This trend highlights a strategic shift as corporations diversify treasury assets amid macroeconomic uncertainties, viewing Bitcoin as a hedge and store of value.
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Source: https://en.coinotag.com/bitcoin-approaches-top-asset-rankings-amid-us-spot-etf-inflows-and-institutional-adoption/