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The Daily Hodl 2023-12-27 17:55:51

TradFi To Have ‘Outsized Influence’ Over Bitcoin? ETFs Currently Hold 3.8% of BTC Maximum Supply: CoinGecko

Bitcoin (BTC) exchange-traded funds (ETFs) currently only represent a small fraction of the top crypto asset’s supply, according to a CoinGecko researcher. In a new analysis, Lim Yu Qian notes that Bitcoin ETFs hold a total of roughly 793,034 BTC, which represents only 3.4% of BTC’s total maximum supply. That number includes Grayscale Bitcoin Trust The post TradFi To Have ‘Outsized Influence’ Over Bitcoin? ETFs Currently Hold 3.8% of BTC Maximum Supply: CoinGecko appeared first on The Daily Hodl .

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