Bitcoin ETFs Now Own 6.29% of Every Bitcoin. What Happens When They Hit 10%?
Bitcoin ETFs Now Own 6.29% of Every Bitcoin. What Happens When They Hit 10%?
Source: 24/7 Wall St.
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DW NOTE
Bitcoin ETFs now hold 1.3 million coins — roughly 6.29% of the 21 million cap. At 10%, that's 2.1 million coins, which means buying another 800,000 BTC at current accumulation rates of ~15,000 per month would take four and a half years. The question isn't what happens when they hit 10%. It's whether the supply exists to get them there without the price moving so far that the percentage becomes academic.