Bitcoin spot ETF holdings have increased significantly since their launch in January, from 629.9K BTC to 1.0545M BTC, representing a growth of 425K BTC. This corresponds to an increase from 3.15% to 5.33% of the total mined supply of 19.78M BTC, a 2.18% surge in just eight months.
The dramatic price increases observed in March and November suggest a strong correlation between accumulation and price. Therefore, as more Bitcoin is accumulated through spot ETFs, we can expect the price to continue its upward trend.
If the United States were to adopt Bitcoin as a reserve asset, it is highly likely that the inflow of Bitcoin into spot ETFs would accelerate.
Written by MAC_D
