Bitcoin ETFs have been attracting attention lately with significant BTC inflows. The United States' first Bitcoin underlying asset exchange-traded fund (ETF), ProShares ETF (BITO), has set a new record on the New York Stock Exchange. According to Arcane Research, the BITO ETF has reached a record high, seeing an inflow of over 28,000 BTC. It has been observed that BTC inflows have intensified especially in the last two weeks.
Commentators speculate that the demand for Bitcoin futures price-based ETFs could have an indirect impact on the Bitcoin spot price. According to the current situation, it is thought that investors can demand crypto money in the spot Bitcoin market to balance their short-term risks. The research firm pointed out that the strong inflows seen in ETFs are increasing investors' demand for Bitcoin with traditional investment methods such as ETFs.
Glassnode data shows that there are currently 26,271 BTC in the Purpose Bitcoin ETF, North America's first Bitcoin ETF. This figure is the highest amount of Bitcoin held in an ETF. In the last two weeks, 2,473 BTC inflows have been seen in the Purpose Bitcoin ETF.
As the Bitcoin price trend continues, Blockchain data shows that over 2,000 addresses currently hold at least 1,000 BTC, the highest in a year. Since the beginning of Russia's attempt to invade Ukraine about a month ago, there has been a remarkable increase in the number of large Bitcoin addresses. According to the latest situation, Bitcoin addresses holding between 1,000 and 10,000 BTC have increased the world's largest amount of crypto assets in the last month. Thus, the total number of major Bitcoin addresses has increased by 8.3 percent in the last month.
Apart from Bitcoin, there is also a rise in the accumulation of other high market value crypto assets. Santiment data shows that 336 XRP addresses hold at least 10 million tokens. In addition, significant increases were observed in the accumulation of altcoins such as Cardano and Aave.