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
[Initial Listing] Bitget Will List DePHY (PHY). Come and grab a share of 6,600,000 PHY
New spot margin trading pair — ES/USDT!
Bitget Trading Club Championship (Phase 1) – Make spot trades daily to share 50,000 BGB
SLPUSDT now launched for futures trading and trading bots
Trending news
MoreCrypto prices
More
