According to a report by on-chain data analysis company CryptoQuant on February 14, more than three-quarters of new Bitcoin investments in the past two weeks came from spot Bitcoin ETFs (excluding Grayscale GBTC), according to Planet Daily.
“We estimate that over 75% of new investment in Bitcoin has come from these ETFs. Furthermore, investment from these ETFs has grown to 2% of all historical investment in Bitcoin, as measured by realized market capitalization, in just one month,” the report said.
