The unmoved supply of Bitcoin (BTC) reached an all-time high in June, with nearly 70% of the circulating supply not moving for a year, a report from asset manager Ark Invest has said. The report, titled "The Dawn of the ETF Era?" focused on the potential for a new spot Bitcoin exchange-traded fund (ETF) to bring new momentum to the Bitcoin market, while also pointing to on-chain data as a catalyst for price appreciation going forward....
All-time High in Bitcoin's Unmoved Supply as Institutional Interest Rises
Crypto News - 7 Jul 2023 15:55
The unmoved supply of Bitcoin (BTC) reached an all-time high in June, with nearly 70% of the circulating supply not moving for a year, a report from asset manager Ark Invest has said. The report, titled "The Dawn of the ETF Era?" focused on the potential for a new spot Bitcoin exchange-traded fund (ETF) to bring new momentum to the Bitcoin market, while also pointing to on-chain data as a catalyst for price appreciation going forward....
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