SoSoValue reported that the cumulative net cash flows into Bitcoin ETF funds in the United States have risen by 4.6% compared to about 49 billion US dollars in the previous year. However, CryptoQuant data indicates that this net flow does not necessarily translate into an increase in Bitcoin holdings in the same time period.


Julio Moreno, head of research at CryptoQuant, wrote on platform X on Tuesday that "Bitcoin ETF holdings in the United States are now lower than they were on the same day last year." He added that the overall demand for Bitcoin is declining, noting that total holdings in US spot Bitcoin ETFs have fallen to less than 1.25 million Bitcoin.
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