According to ByteTree, there has been a notable increase in the allocation of Bitcoin (BTC) to exchange-traded products (ETPs) globally since October 2023. Nearly 100,000 BTC have been added, bringing the total held to about 890,000 BTC. This figure represents around 4.56% of the circulating Bitcoin supply.
In the past week alone, an estimated 25,000 BTC have entered global Bitcoin ETPs, marking the largest weekly hike since the start of 2021.
Furthermore, net inflows into global Bitcoin ETPs hit 38,000 BTC in February, roughly matching the combined net inflows for November, December, and January of 2023.
