Spot Bitcoin ETFs have accumulated 5.3% of all existing Bitcoin, with holdings in physical Bitcoin ETFs increasing from 629,900 BTC to 1.05 million BTC in 10 months. This expansion correlates with price movements, particularly during the March and November price surges. In March, US-listed spot Bitcoin ETFs saw net inflows of approximately $4 billion, leading to a dramatic increase in trading volume. November also saw a remarkable increase in Bitcoin ETF inflows and trading volumes following positive market sentiment after Donald Trump's election victory. US spot Bitcoin ETFs have logged around $3.9 billion in net inflows since November 6, with the iShares Bitcoin Trust leading with over $3 billion in inflows. However, the broader US Bitcoin ETF market showed mixed performance, experiencing both inflows and redemptions.
- Content Editor ( cryptobriefing.com )
- 2024-11-18
Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst