“Over-the-counter (OTC) buying and selling desks are coping with massive institutional purchasers, and in line with their combination stock knowledge, balances have decreased from practically 10,000 Bitcoins in Q2 2023 to lower than 2,000. This exhibits that establishments such because the Bitcoin ETF issuers, by means of their market makers, should buy Bitcoins straight from exchanges. The provision/demand imbalance is 1:10 (each day mined vs. each day ETF demand),” Thielen famous.
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