Institutional interest continues to support Bitcoin’s rally. Data shows that Bitcoin exchange-traded funds (ETFs) recorded $3.24 billion in inflows last week, marking the most significant weekly inflow of the year. This surge reflects the increasing participation of institutional investors, who view Bitcoin as a valuable asset class within diversified portfolios.
institutions to gain exposure to Bitcoin without directly holding the cryptocurrency, enhancing market accessibility. The rising demand for these products suggests confidence in Bitcoin’s long-term potential. Analysts attribute a portion of the recent price increase to these strong institutional inflows, which have reduced market supply and increased buying pressure.
At the same time, on-chain data from Glassnode indicates that Bitcoin’s supply on centralized exchanges has fallen to its lowest level in six years, now standing at approximately 2.83 million BTC.
The shift toward self-custody suggests that an increasing number of investors are for the long term, rather than trading it on exchanges. Reduced exchange reserves often create supply constraints, which can further drive up prices as demand increases.
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