According to a Binance Research report, Spot Bitcoin ETFs have accumulated a significant amount of BTC, representing 5.2% of the entire supply. These ETFs are seeing continuous market demand, with net flows surpassing $18.9 billion in less than a year. While Ethereum ETFs have had lower demand, Bitcoin ETFs have prospered. Non-institutional investors account for 80% of the demand, but institutional holdings have increased, particularly among investment advisors. Bitcoin ETFs are becoming one of the fastest-growing ETFs and a significant market indicator. They contribute to the dominance of Bitcoin, enhance market efficiency, and decrease volatility. The tokenization of real-world assets is seen as the next phase for institutions to gain on-chain exposure. The success of crypto ETFs and other innovations will depend on changing regulatory regimes. Macroeconomic factors and policy play a significant role in the cryptocurrency market, and continued investment is expected as blockchain-native products increase.
- Content Editor ( thenewscrypto.com )
- 2024-10-25
Binance Research Report Highlights Spot Crypto ETFs Trend and Domination