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08/17 14:28

ETF giants hold 6% of Bitcoin – But BTC at $73K co

ETF giants hold 6% of Bitcoin – But BTC at $73K could break their patience

Over 1.2M BTC locked in ETFs, will 50% profits tempt institutions to break ranks?

Bitcoin [BTC] ETF inflows have surged again, with institutional investors tightening their grip on supply.
Over 1.23 million BTC, that is, roughly 6.2% of the circulating supply, is now locked in Bitcoin Spot ETFs. That’s 6 out of every 100 coins, signaling growing confidence in BTC as a long-term allocation.
Yet, the MVRV score of 1.43 indicated that ETFs were still in an average profit zone. In fact, that is far below the 3.7 highs seen during previous bull cycles.

Historically, gains in this range have been enough for traditional players to start trimming positions. Will this time be different?
As of press time, BlackRock’s IBIT had the most daily inflows with $692K added. Fidelity’s FBTC followed with $200K gained.
However, Grayscales’ .

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