CryptoQuant analyst: Bitcoin spot ETFs have accumulated 5.3% of the total BTC supply

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ODAILY
11-18
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Odaily Planet Daily Report: CryptoQuant analyst MAC.D wrote that ETFs have accumulated 5.3% of the total existing Bitcoin supply, with their holdings increasing from 629,900 BTC at the beginning of the year to 1.05 million BTC, an increase of 425,000 BTC. This growth has increased the ETF's holdings from 3.15% of the total Bitcoin supply to 5.33% in 10 months. The data tracked by MAC.D also shows a correlation between the accumulation of Bitcoin through spot Bitcoin ETFs and the price trend, especially during the price increases in March and November.

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