Bitcoin ETFs have experienced unprecedented growth, as they have collected over 938,000 BTC, worth $63.3 billion, which represents 4.5% of the total circulating supply of bitcoin. Adding the amount held in other similar funds brings the total to 1.1 million BTC, approximately 5.2% of the circulating supply.
Retail investors account for 80% of the demand for Bitcoin ETFs, with institutional demand growing by 7.9% since Q1. The number of institutional investors has increased to over 1,200, including investment advisors, hedge funds, and major banks and pension funds like Goldman Sachs, Morgan Stanley, and the State of Wisconsin Investment Board.
Institutional interest in Bitcoin ETFs is expected to increase as investors become more comfortable with digital assets, especially since bitcoin’s correlation with the S&P 500 has been rising. However, Ethereum-focused ETFs have received little attention, recording over $103.1 million in outflows.
