ByteTree: The net inflow of global Bitcoin ETPs reached 38,000 BTC in February, close to the total of the previous three months
Data from asset management company ByteTree shows that since October 2023, the global allocation of Bitcoin in Exchange Traded Products (ETP) has increased by nearly 100,000 BTC, currently holding about 890,000 BTC, accounting for approximately 4.56% of the circulating supply of Bitcoin.
In just the past seven days alone, around 25,000 BTC have flowed into global Bitcoin ETPs - marking the largest single-week increase since early 2021. Additionally, net inflows to global Bitcoin ETPs reached 38,000 BTC in February - roughly equivalent to the total net inflow for November and December of 2023 and January.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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