K33 Research Analyst: Bitcoin ETPs hold 4.4% of Bitcoin’s circulating supply and 45% of exchange reserves
K33 Research senior analyst Vetle Lunde stated on X platform: "Global Bitcoin ETP currently holds 864,719 BTC, which is equivalent to 4.4% of the circulating supply of BTC, accounting for about 45% of cryptocurrency exchange reserves. ETF is an important component of the Bitcoin market structure, affecting the spot market and CME, and its relevance will further increase."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
ETH 10th anniversary—Bitget community carnival
[Initial Listing] Bitget Will List NERO Chain (NERO). Come and grab a share of 65,000,000 NERO
Trending news
MoreCrypto prices
More
