IntoTheBlock: The new demand for Bitcoin comes from traditional institutions, and the Bitcoin spot ETF has driven institutional demand
Bitget2024/04/13 12:36
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
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.
0
0
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.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
The Federal Reserve reverse repurchase operation accepted 82 million dollars
AIcoin•2026/04/24 17:19
London stock market fell on the 24th
老虎证券•2026/04/24 17:19
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$77,624.45
-0.07%
Ethereum
ETH
$2,315.06
+0.15%
Tether USDt
USDT
$1
-0.03%
XRP
XRP
$1.44
+0.44%
BNB
BNB
$638.01
+0.21%
USDC
USDC
$0.9998
-0.03%
Solana
SOL
$86.41
+1.58%
TRON
TRX
$0.3244
-1.45%
Dogecoin
DOGE
$0.09792
+1.40%
Hyperliquid
HYPE
$41.06
-0.25%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now