Bitcoin Sideways Despite ETF Influx: Who Holds the Keys? 🔐
Bitcoin's recent price lull coincides with rising US Spot ETF inflows, sparking questions. Let's compare ETF holdings (862k BTC) to other major players:
•US Spot ETF: 862k $BTC
•Mt. Gox Trustee: 141k BTC (dormant coins from hacked exchange)
•US Government: 207k BTC (confiscated funds)
•All Exchanges: 2.3M #BTC
•Miners (excluding Satoshi): 706k BTC (newly mined coins)
Combined, these entities hold ~4.23M #Bitcoin , a significant chunk (27%) of the adjusted circulating supply (excluding dormant coins). While ETF demand is notable, it's just one piece of the puzzle.
