According to ChainCatcher, Nate Geraci, president of The ETF Store, said in a post: "In less than 5 months, the iShares Spot Bitcoin ETF (IBIT) now holds more than 300,000 bitcoins, accounting for nearly 1.5% of the total supply of Bitcoin.

IBIT has a net inflow of nearly $800 million this week alone. This is not a view on the price, but I believe that advisors and institutional investors are just beginning to enter this market."