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
CandyBomb x DEBIT (Episode 2): Trade to share 45,000 USDT
Trend-following bot upgrade: Custom parameter settings now supported
CandyBomb x CNPY: Trade to share 75,000 USDC
New spot margin trading pair — CP/USDT, SOPH/USDT!
Crypto prices
More
