“Over-the-counter (OTC) buying and selling desks are coping with massive institutional shoppers, and in response to their mixture 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 their market makers, must buy Bitcoins instantly from exchanges. The availability/demand imbalance is 1:10 (every day mined vs. every day ETF demand),” Thielen famous.
