The cumulative net inflow of Bitcoin ETFs in the United States has exceeded 500,000 BTC
On December 12, K33 Research Director Vetle Lunde stated that as of this Wednesday, the cumulative net inflow of 12 US spot Bitcoin ETFs has exceeded 500,000 BTC. It's been less than a year since trading began on January 11 and it has already absorbed more than 2.5% of the circulating supply (currently reported at 19.8 million coins).
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
Bitdeer mined 122.4 BTC this week, increasing its total bitcoin holdings to 2,141.1 BTC
Ethena withdraws $7.05 million worth of ENA from an exchange, currently holding ENA valued at $100 million in total