Golden Finance reported that data disclosed by on-chain analysis company Glassnode showed that institutional demand for regulated Bitcoin exposure is very strong. The total managed assets of U.S. spot ETFs now have a market value of $58 billion, holding about 4.6% of the circulating Bitcoin supply. BlackRock, Fidelity and Grayscale are the largest spot Bitcoin ETFs in the United States. If the price of Bitcoin deposited into these ETFs is marked as a reference point for estimating their average acquisition cost, the cost benchmark of these ETFs is between $54,900 and $59,100.