Standard Chartered: Institutional Funds Have Purchased About 3% of Total Bitcoin Supply in 2024
2024-12-05 19:54:58
Geoff Kendrick, global head of digital asset research at Standard Chartered, said that Bitcoin's breakout of $100,000 is mainly due to the institutionalization of the industry this year, particularly the continued inflow of ETF funds, which have purchased about 3% of the total bitcoin supply in 2024.
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