GBTC - Bitcoin ETFs Already Hold 3% Of BTC's Supply: Where Does Institutional Adoption End? | Benzinga
Exchange-traded funds (ETFs) have amassed holdings that represent over 3% of all Bitcoin (CRYPTO: BTC) in existence. This significant milestone highlights a growing trend of institutional investment in Bitcoin, marking a pivotal shift in the digital asset's market dynamics.
Inflow And Outflow Trends In Bitcoin ETFs
The 3% holding by ETFs is not just a number — it's a reflection of the increasing confidence of institutional investors in Bitcoin as a viable asset class.
The market dynamics of Bitcoin ETFs are further illuminated by James Seyffart's tweet, which reported a substantial outflow of $191.7 million from the Grayscale Bitcoin Trust (OTC: GBTC) on Monday. Despite this outflow, the overall trend suggests a slowing pace, indicating a stabilization in investor sentiment.
This data is crucial in understanding the liquidity and volatility patterns in the Bitcoin ETF market.
Complementing this, BitMEX Research's tweet about a $255 million net inflow into Bitcoin ...