In a fascinating twist that could make even the most seasoned investors raise an eyebrow, institutional players are now holding a whopping 31% of all known Bitcoin (BTC) — a striking surge from just 14% the previous year! This remarkable shift is largely thanks to the meteoric rise of spot Bitcoin exchange-traded funds (ETFs), as well as substantial government grabs and MicroStrategy’s aggressive BTC accumulation strategy, which has propelled its reserves beyond 440,000 BTC. What does this mean for the future of cryptocurrency? Are we witnessing the dawn of a new era where Bitcoin transforms into a staple asset on institutional balance sheets? Dive into the details and uncover the dynamics behind these game-changing trends. LEARN MORE
Institutional investors now account for 31% of all known Bitcoin (BTC) holders, reflecting a sharp increase from 14% in 2023.
The uptick has been largely driven by spot Bitcoin exchange-traded funds (ETFs), government acquisitions, and MicroStrategy’s ramping up of its BTC strategy, which has seen its stash grow to over 440,000 BTC.
ETFs, MicroStrategy, Drive Institutional Inflows
According to statistics shared by CryptoQuant CEO Ki Young Ju, most of the known Bitcoin holdings are in the hands of miners and crypto exchanges. However, MicroStrategy, ETFs, and several governments have eaten into their shares.
Launched earlier in the year, spot BTC ETFs have seen billions of dollars in inflows from traditional financial institutions, with the likes of BlackRock’s iShares recording a staggering $1.4 billion in net weekly inflows as of mid-December. Collectively, data shows the sector accounts for more than 1.3 million BTC, valued at an eye-popping $124.89 billion.
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