比特幣供應衝擊接入？ ETF和上市公司現在擁​​有9％

鏈上分析公司生態學計量學的新圖表重點介紹了比特幣作為機構資產的成熟趨勢的增長趨勢：ETF和上市公司現在控制了總比特幣供應量的9％。

A new chart from on-chain analytics firm Ecoinometrics highlights a growing trend in Bitcoin's maturation as an institutional asset: ETFs and public companies now control a combined 9% of the total Bitcoin supply.

鏈上分析公司生態學計量學的新圖表重點介紹了比特幣作為機構資產的成熟趨勢的增長趨勢：ETF和上市公司現在控制了總比特幣供應量的9％。

According to the data, this trend, tracked since the launch of U.S. spot BTC ETFs in 2024, reflects a structural shift in ownership. While Grayscale and early institutional players dominated between 2020 and 2023, the sharp rise post-ETF approval suggests a surge in traditional capital entering the space.

根據數據，自2024年美國現場BTC ETF推出以來，這種趨勢反映了所有權的結構性轉變。儘管灰度和早期機構參與者在2020年至2023年之間佔據主導地位，但急劇上升的ITF批准表明，傳統資本進入該空間。

“The launch of spot ETFs did the heavy lifting, but MicroStrategy and other public companies did some serious buying as well,” the chart notes.

圖表指出：“現場ETF的推出進行了繁重的工作，但是MicroStrategy和其他上市公司也進行了一些認真的購買。”

As institutional appetite continues to grow, Ecoinometrics suggests that tracking the behavior of ETF flows and public company treasuries offers valuable insights into long-term market sentiment and supply dynamics.

隨著機構胃口的不斷增長，生態學計量學表明，跟踪ETF流量和上市公司國庫的行為為長期市場情緒和供應動態提供了寶貴的見解。

In short, institutional adoption is no longer a future prediction—it's already here and accelerating.

簡而言之，機構採用不再是未來的預測，它已經在這裡並加速了。