According to monitoring by HODL15Capital, since the launch of the Bitcoin spot ETF in the United States, over 1.1 million BTC have been transferred to 'strong (er) hand' this year, including 9 new ETFs and MicroStrategy. In addition, Grayscale GBTC/BTC has sold a total of 373,787 BTC, the German government has sold 50,000 BTC, and mining has produced 209,683 BTC.