How ETFs affected Bitcoin’s supply distribution across cohorts
Summary
Bitcoin distribution has changed significantly since the start of the year, largely due to the introduction of spot Bitcoin ETFs in the U.S. This has influenced accumulation patterns among holders. Holders with 10,000 to 100,000 BTC have seen their balances increase by 2.97% YTD, contrasting with smaller holders in the 100 to 1,000 BTC range, whose holdings have decreased. This shift towards larger holders raises questions about market sentiment and the strategic reallocation of digital assets, and could potentially shape the future trajectory of cryptocurrency investment.
