This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
A new report by Gemini and Glassnode reveals that over 30% of Bitcoin’s circulating supply is controlled by just 216 institutional entities. This includes exchanges, ETFs, public companies, and government bodies, signaling a major shift in market dynamics.
- 216 entities control 6.1M BTC (30% of supply), led by exchanges and ETFs.
- US spot Bitcoin ETFs hold over 1M BTC, with BlackRock's IBIT as the second-largest holder.
- Bitcoin's volatility has declined since 2018, signaling market maturity and institutional influence.
📎 Related coverage from: cryptoslate.com