🚨 Bitcoin ETPs now hold 7% of BTC’s max supply (1.47M BTC)
- US spot ETFs dominate with 1.29M BTC - BlackRock’s IBIT: 746,810 BTC - Fidelity’s FBTC: ~199,500 BTC - Since Dec 2024: +170K BTC added (~$18.7B)
📉 But demand is slowing:
- August saw $301M outflows from BTC ETPs - ETH funds gained $3.95B inflows - Whales rotated $456M from BTC → ETH, with one whale swapping 4K BTC for 96,859 ETH in 12h
💎 With 92 crypto ETFs pending SEC approval (incl. Solana & XRP), Bitcoin’s share of institutional flows could face more pressure. #Bitcoin ETFs #Crypto
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🚨 Bitcoin ETPs now hold 7% of BTC’s max supply (1.47M BTC)
- US spot ETFs dominate with 1.29M BTC
- BlackRock’s IBIT: 746,810 BTC
- Fidelity’s FBTC: ~199,500 BTC
- Since Dec 2024: +170K BTC added (~$18.7B)
📉 But demand is slowing:
- August saw $301M outflows from BTC ETPs
- ETH funds gained $3.95B inflows
- Whales rotated $456M from BTC → ETH, with one whale swapping 4K BTC for 96,859 ETH in 12h
💎 With 92 crypto ETFs pending SEC approval (incl. Solana & XRP), Bitcoin’s share of institutional flows could face more pressure.
#Bitcoin ETFs #Crypto