Institutional players bought 859,454 Bitcoins (BTC) in 2024, equivalent to eight years of BTC issuance and 4.3% of its total circulating supply, according to a K33 Research report. The majority of the amount was purchased by spot exchange-traded funds (ETFs) and public-listed companies like MicroStrategy. The rise of US-traded spot Bitcoin ETFs emerged as a […]
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Institutions absorb 8 years’ worth of Bitcoin issuance in 2024