As of May 2025, ETFs and public companies control 9% of Bitcoin supply, signaling a significant shift in the market landscape, led by BlackRock, MicroStrategy, and others.
ETFs Manage 5.5% of Bitcoin Supply
Recent analysis highlights that **5.5% of Bitcoin's supply** is managed by ETFs, including offerings from BlackRock, while **public companies hold 3.5%**. These entities have significantly increased their Bitcoin holdings since early 2024, establishing themselves as leaders in digital asset adoption.
Institutional Demand Surpasses Bitcoin Mining
Data indicates that institutional acquisition rates are **more than double** the new Bitcoin mined, suggesting strong institutional demand. This trend may lead to **reduced market liquidity** and **increased prices**. Experts note that institutional control over Bitcoin supply could influence **price stability and market accessibility**. According to Binance Research, “Institutional buyers are scooping up more than twice the available new supply, putting upward pressure on prices.”
Historical Parallels and Market Implications
Analysts point to parallels with past accumulation phases, such as Grayscale's ETF activity, which resulted in short-term **liquidity crunches and price increases**. Current trends indicate potential for further **price pressures**. Previous buy programs often triggered **price rallies**, hinting that the ongoing **supply absorption** might lead to similar market movements.
The increased share of Bitcoin controlled by institutional investors and ETFs highlights significant changes in market structure, which may have long-term effects on both liquidity and pricing in the future.
