Since the beginning of the year, Bitcoin volumes in spot ETFs have increased from 629.9K to 1.0545M BTC, a gain of 425K BTC. This is an increase in share from 3.15% to 5.33% of the total 19.78M BTC mined in eight months.

Rising prices in March and November indicate a strong relationship between accumulation and price. Therefore, with further accumulation of Bitcoin through spot ETFs, we can expect the price to continue to rise.

If the US accepts Bitcoin as a reserve asset, the flow of Bitcoin into spot ETFs could accelerate significantly.