IntoTheBlock: The new demand for Bitcoin comes from traditional institutions, and the Bitcoin spot ETF has driven institutional demand
IntoTheBlock posted on platform X stating that, unlike previous Bitcoin halvings, this time the new demand comes from traditional institutions. The newly launched Bitcoin spot ETF has driven institutional demand, resulting in ETF wallets accumulating 4.27% of the Bitcoin supply.
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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