Accumulation of $BTC BTC via Spot #ETF and Correlation with Price

Since its launch in January, Bitcoin holdings via spot ETFs have increased significantly from 629.9K BTC to 1.0545M BTC, an increase of 425K BTC, representing an increase from 3.15% to 5.33% of the total mined Bitcoin supply (19.78M #BTC ) in just 8 months.

The sharp price increases observed in March and November show a strong correlation between accumulation and price. Therefore, as the amount of Bitcoin accumulated via spot ETFs increases, the price is likely to continue its upward trend.

If the US adopts Bitcoin as a reserve asset, the flow of Bitcoin into spot ETFs is likely to accelerate further.