In a recent report, VanEck, a well-known investment management firm, revealed that approximately $175 billion worth of Bitcoin is currently held in various ETFs, nations, and public and private companies that purchase BTC.
The report highlights the growing interest in Bitcoin among institutional investors. Hedge funds, asset management firms, and foundations are increasingly recognizing BTC's potential as a store of value.
According to CoinGecko's data, this $175 billion investment accounts for approximately 15% of the entire Bitcoin supply. As of last Wednesday, BTC's total market cap was approximately $1.2 trillion.
VanEck, which launched a spot BTC ETF that began trading in January, also noted in its report that more merchants and businesses are now accepting Bitcoin as a form of payment.
The firm explained that the infrastructure is being built to make it easier for the average person to use BTC, making a strong case for why Bitcoin is a solid investment.
*This is not investment advice.