Bitcoin exchange-traded funds (ETFs) have reached an unprecedented milestone, collectively holding over 1 million bitcoin (BTC), a significant 5% of the total circulating supply of bitcoin worldwide.

This achievement marks a major development in the market, underscoring the growing mainstream acceptance of Bitcoin as a legitimate asset class.

As of May 24, 2024, more than 30 Bitcoin ETFs together hold 1,002,343 BTC, valued at approximately $70.5 billion. The bulk of these holdings are concentrated within U.S.-based spot ETFs, which have quickly gained traction since their launch in January 2024.

Notably, the Grayscale Bitcoin Trust (GBTC) and BlackRock’s iShares Bitcoin…

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Marathon Digital Holdings, the largest publicly listed Bitcoin mining firm by market capitalization, recently announced a landmark $80 million partnership with Kenya’s Ministry of Energy and Petroleum.

This collaboration aims to bolster Kenya’s renewable energy infrastructure, advance its digital asset ecosystem, create jobs, and drive economic growth.

Jayson Browder on X

Kenya, a strategic non-NATO ally of the United States, often flies under the radar despite its forward-thinking tech policies.

With approximately 80% of its energy derived from renewable sources such as wind, solar, hydroelectric, and geothermal, Kenya presents an ideal environment for…

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Latest findings from Grayscale show a critical change among U.S. voters, with 47% of them now seeking to include cryptocurrency in their investment portfolios on the back of macro-driven developments and the maturation of bitcoin as a stable asset. Preceding the November elections, there is a growing interest in investing in crypto, with 32% of voters showing excitement to explore more. To crown it all, remarkably, inflation is regarded by 28% as the topmost urgent issue to vote for and is what is driving the new development.

The world of U.S. politics and the tension in the world are sending voters into the world of cryptocurrencies, besides positive developments, alongside the approval of spot bitcoin exchange-traded funds. According to Grayscale, crypto will play a critical role in the making of policies for the 2024 elections.

Stepping into the political view, former President Donald Trump has logged in his support for the U.S. as the first-runner in the race for the leading global crypto. In the same line, billionaire Mark Cuban sees that the result of the 2024 election could be swayed by the existing crypto regulations. The survey displays a fair outlook among voters, with 30% of them preferring both the Democrats and Republicans for their crypto policies.

Survey