Spot Bitcoin ETFs have accumulated 5.3% of all existing Bitcoin, according to CryptoQuant analyst MAC_D.

Spot Bitcoin ETFs now hold 5.3% of all Bitcoin, according to CryptoQuant analyst MAC_D.
This marks a significant increase from 3.15% at the beginning of the year, with holdings rising from 629,900 BTC to 1.05 million BTC.
The analyst observes a correlation between Bitcoin accumulation through spot ETFs and price movements, especially during the March and November price surges.
US-listed spot Bitcoin ETFs saw net inflows of around $4 billion by the end of March, according to Farside Investors.
These ETFs also experienced a surge in trading volume, reaching $111 billion in March, according to Bloomberg ETF analyst Eric Balchunas.
The inflows coincided with an uptick in Bitcoin prices, which reached a high above $73,000 during the period.
Later in the year, November saw a strong increase in Bitcoin ETF inflows and trading volumes, fueled by positive market sentiment
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