Fast Take
ByteTree has reported an enormous inflow within the world allocation of Bitcoin amongst exchange-traded products (ETPs) since October 2023, including roughly 100,000 BTC.
In line with ByteTree information, roughly 890,000 BTC are at present held in various ETPs worldwide, which is about 4.56% of the circulating provide of Bitcoin. Apparently, the beginning of 2024 has seen a rise of about 80,000 BTC within the ETP house, primarily attributed to US-based Bitcoin ETFs.
Throughout the final seven days alone, world Bitcoin ETPs underwent an inflow of roughly 25,000 BTC, marking essentially the most vital weekly enhance because the early a part of 2021.
February alone contributed a powerful 38,000 BTC internet influx into ETPs, roughly equal to the mixed move for November, December, and January.
Glassnode information stories that Grayscale Bitcoin Belief (GBTC) at present holds roughly 466,000 Bitcoin, a major 30% decline from its peak holdings of about 622,000 Bitcoin earlier than Bitcoin ETFs started buying and selling.
The submit February’s Bitcoin ETP net inflows close to total of previous three months appeared first on CryptoSlate.
