VanEck Report Unveils: Major Banks, Nations, and ETFs Control 15% of Bitcoin Holdings

VanEck has revealed that there is a growing adoption of Bitcoin by banks, countries, and ETFs, with these major players now holding 15% of the circulating supply of the asset. The report from US asset manager VanEck aims to educate its investors about Bitcoin and discusses the significant evolution and adoption of the asset. It discloses that ETFs, countries, and public and private companies collectively hold around $175 billion worth of Bitcoins. Specifically, ETFs hold $75.4 billion, while countries, public companies, and private companies hold $40.7 billion, $22.3 billion, and $37.8 billion respectively. The report also emphasizes the stability and customization abilities of Layer-2s as a means to boost Bitcoin adoption. It highlights the importance of the RGB protocol in the overall development of the crypto ecosystem, with the upcoming layer 2 development on the Bitcoin network enabling the creation and management of digital assets on top of the blockchain. The report also discusses the increased acceptance of Bitcoin, with more merchants and businesses now accepting it as a form of payment. This is attributed to the removal of technical barriers through the introduction of user-friendly wallets, exchanges, and marketplaces. The report further notes that institutional investors are increasingly recognizing Bitcoin’s potential as a store of value and a portfolio diversifier, particularly as an uncorrelated asset that can hedge against inflation. It points out that Bitcoin’s fixed supply, with supply growth decreasing by 50% approximately every four years through halving events, sets it apart from fiat currencies, making it an attractive option for investors concerned about the impact of inflation on their portfolios and purchasing power.