Recent trends in the cryptocurrency market show a significant increase in the share of Bitcoin controlled by ETFs and public companies. Together, they now own 9% of the Bitcoin supply.
Impact of Bitcoin ETFs on the Market
According to data, as of 2024, Bitcoin ETFs hold 5.5% of the total supply of the cryptocurrency. This growth has been observed since the launch of Bitcoin ETFs in the U.S., indicating a structural shift in ownership distribution.
Role of Public Companies in Growing Interest
Public companies like MicroStrategy account for an additional 3.5% of Bitcoin, highlighting their active involvement in the sector. "The launch of Bitcoin ETFs did the heavy lifting," the recently published data notes.
Conclusions and Expectations
It is expected that the influx of traditional capital into the cryptocurrency sector will continue. Analysts from Ecoinometrics suggest that monitoring ETF flows and the treasuries of public companies provides valuable insights into long-term market sentiment.
Institutional adoption of cryptocurrencies is becoming a reality and continues to accelerate, considering the activity of both ETFs and public companies, which may significantly impact the market in the future.
