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TechFlow news — K33 Research senior analyst Vetle Lunde stated on X: "Global Bitcoin ETPs currently hold 864,719 BTC. This represents 4.4% of Bitcoin's circulating supply and accounts for approximately 45% of cryptocurrency exchange reserves. ETFs are a significant component of Bitcoin's market structure, influencing both the spot market and CME, and their relevance will continue to grow."
Vetle Lunde, Senior Analyst at K33 Research, stated on X: "Global Bitcoin ETPs currently hold 864,719 BTC. This represents 4.4% of Bitcoin's circulating supply and accounts for approximately 45% of cryptocurrency exchange reserves. ETFs are a significant component of Bitcoin's market structure, influencing both the spot market and CME, and this correlation will continue to grow."
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