TechFlow reports that on November 18, CryptoQuant analyst MAC.D stated that Bitcoin spot ETFs have accumulated 5.3% of the existing Bitcoin supply, increasing their holdings from 629,900 BTC at the beginning of the year to 1.05 million BTC—an increase of 425,000 BTC. This growth has raised ETF holdings from 3.15% to 5.33% of the total Bitcoin supply within 10 months. MAC.D's tracked data also indicates a correlation between Bitcoin accumulation via spot ETFs and price movements, particularly during the price surges in March and November.
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