According to BlockBeats, on November 18, CryptoQuant analyst MAC.D published a statement saying that the U.S. Bitcoin spot ETF holdings increased from 629,900 bitcoins to 1,054,500 bitcoins, an increase of 2.18% of the total in just 10 months, and the holding share increased from 3.15% of the total supply to 5.33%. Currently, 19.78 million BTC have been mined. From March and November, when prices rose sharply, we can see that there is a strong correlation between the increase in spot ETF holdings and prices. If the United States uses Bitcoin as a reserve asset in the future, the amount of money flowing into spot ETFs may increase further.