IntoTheBlock: Institutional ETF wallets have accumulated 4.27% of Bitcoin's supply
IntoTheBlock posted on platform X stating that, unlike previous Bitcoin halvings, this time the new demand comes from traditional institutions. The newly launched Bitcoin spot ETF has driven institutional demand, resulting in ETF wallets accumulating 4.27% of the Bitcoin supply.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Google is building a software and hardware ecosystem to deploy its custom TPUs.
The HyperLiquid team has unstaked 2.6 million HYPE tokens, of which 609,000 were sent to an OTC platform.
Publicly listed company Prenetics increases its total bitcoin holdings to 504.
Trending news
MoreCrypto prices
More
