“Over-the-counter (OTC) buying and selling desks are coping with giant institutional shoppers, and in line with their combination stock information, 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 way of their market makers, should buy Bitcoins instantly from exchanges. The availability/demand imbalance is 1:10 (every day mined vs. every day ETF demand),” Thielen famous.
