
Bitcoin ETFs Boost Institutional Demand, Driving Whale Accumulation
Institutional Demand on the Rise The launch of Spot Bitcoin ETFs has fueled institutional demand for Bitcoin. ETF issuers have been accumulating BTC, now holding a significant 4.27% of the total supply. This has created a new category of whale addresses on the Bitcoin network. Leading ETFs Dominate BlackRock’s IBIT and Fidelity’s FBTC ETFs are…