🚨 Bitcoin ETP funds currently hold 7% of the max supply (1.47 million BTC)
- The US ETF leads with 1.29 million BTC - BlackRock IBIT: 746.810 BTC - Fidelity FBTC: ~199,500 BTC - From 12/2024 to present: +170,000 BTC (~18.7 billion USD)
📉 But demand is stagnating:
- August: capital outflow of -301 million USD from ETP BTC - ETH fund attracts +3.95 billion USD - Whales rotated 456 million USD from BTC → ETH, one whale sold 4,000 BTC for 96,859 ETH in just 12 hours.
⚖️ With 92 crypto ETFs awaiting SEC approval ( including Solana & XRP), the inflow of capital into Bitcoin may face greater pressure. #Bitcoin ETFs #Crypto
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🚨 Bitcoin ETP funds currently hold 7% of the max supply (1.47 million BTC)
- The US ETF leads with 1.29 million BTC
- BlackRock IBIT: 746.810 BTC
- Fidelity FBTC: ~199,500 BTC
- From 12/2024 to present: +170,000 BTC (~18.7 billion USD)
📉 But demand is stagnating:
- August: capital outflow of -301 million USD from ETP BTC
- ETH fund attracts +3.95 billion USD
- Whales rotated 456 million USD from BTC → ETH, one whale sold 4,000 BTC for 96,859 ETH in just 12 hours.
⚖️ With 92 crypto ETFs awaiting SEC approval ( including Solana & XRP), the inflow of capital into Bitcoin may face greater pressure.
#Bitcoin ETFs #Crypto