Bitcoin ETF Issuers Now Hold A Record 5% Of The Total BTC Supply, Catalyst For A Surge?
Summary
Spot Bitcoin ETFs now hold nearly 5% of BTC’s total supply, with US ETFs holding 4.27% and global ETF issuers holding about 1,002,343 BTC. Major ETF holders include BlackRock, Grayscale, and Fidelity Investments. The approval of Spot BTC ETFs in January led to a surge in BTC price, and the growing demand for these ETFs could potentially trigger further price increases for BTC. As of now, BTC is trading below $70,000, but there are optimistic predictions for a rebound soon.
