There’s no denying the launch of Spot Bitcoin ETFs has done wonders for the price of Bitcoin and other cryptocurrencies in general. These ETFs have now unlocked institutional demand into the world’s largest crypto asset to change the dynamics ahead of the next halving. On the other hand, recent tensions between Iran and Israel have seen Bitcoin falling to as low as $61,000 in the past 24 hours to undo weeks of price increases. Bitcoin ETF Wallets Now Whale Addresses The institutional demand for Bitcoin has been ramping up since the beginning of the year from the issuers of the various Spot Bitcoin ETFs. These fund providers have been scooping up Bitcoin left and right, now holding 4.27% of the total BTC supply, as noted by on-chain analytics platform IntoTheBlock. Related Reading: Polkadot Shines – Is Now The Time To Buy DOT Before $10? These whale wallets have now joined an extensive list of whales on the Bitcoin network who collectively own 11% of the total circulating supply. Unlike past BTC halvings, this time there’s a new source of demand ..
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