GLASSNODE: Recently, institutional-grade custodians and ETFs have entered the stage. A total of 11 new spot ETFs in the US have accumulated +887,000 BTC, making their combined balance the second largest pool of #Bitcoin that we track.

🟡 Centralized exchanges: 3M BTC

⚪️ US ETF balance: 887k BTC

🔵 Miners, including Satoshi: 705k BTC

🟢 Government institutions: 207k BTC

🔴 Mt. Gox trustee: 139k BTC