Bitcoin Jumps as SEC’s Gensler Reiterates Support for Futures ETF, Dollar Rally May Cap Gains — CoinDesk

Data from ByteTree Asset Management show bitcoin ETFs and funds now own around 801,000 BTC, amounting to 4.3% of the total supply. “Holdings ballooned from 250,000 in 2019 to 800,000 today and helped drive the bitcoin bull market from $5,000 to $64,0000, before flattening off,” ByteTree Asset Management Chief Investment Officer Charlie Morris said in the latest ByteTree Market Health Update published Wednesday. ByteTree tracks the European and Canadian ETFs with the US and Canadian closed-ended funds.