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US Spot ETFs Hold 4.6% Of Bitcoin Supply – Is BTC Institutional Demand Growing?

  • US spot exchange-traded funds (ETFs) hold 4.6% of Bitcoin's total supply, valued at $58 billion, indicating growing institutional demand and potential price stability.
  • The entry of institutional money signifies Bitcoin's acceptance as a legitimate investment option and highlights its ability to diversify portfolios and hedge against inflation.
  • The balance growth in Grayscale's Bitcoin Mini Trust holdings further demonstrates strong institutional demand.
  • Bitcoin's price at $61,800 faces a critical challenge to reclaim the 1-day 200 moving average and maintain momentum, which will determine its short-term trajectory.

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