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Glassnode Reports Institutions and Exchanges Hold Nearly 30% of Bitcoin Supply

Data shows public companies, governments, U.S. spot ETFs, and exchanges collectively control 5.94 million BTC, highlighting concentrated holdings in the crypto market.

BTC

Summary

Glassnode analysis reveals that public companies, governments, U.S. spot Bitcoin exchange-traded funds (ETFs), and cryptocurrency exchanges together hold 5.94 million BTC, equivalent to 29.8% of circulating supply. The holdings consist of 1.07 million BTC by public companies, 0.62 million BTC by governments, 1.31 million BTC by ETFs, and 2.94 million BTC by exchanges.

Terms & Concepts
  • Spot Bitcoin ETF: An exchange-traded fund providing direct exposure to Bitcoin's market price without using derivatives.
  • Circulating Supply: The amount of cryptocurrency that is actively available for trading and spending in the market.
  • BTC: Abbreviation for Bitcoin, the first and largest cryptocurrency by market capitalization.