比特币供应冲击接入？ ETF和上市公司现在拥​​有9％

链上分析公司生态学计量学的新图表重点介绍了比特币作为机构资产的成熟趋势的增长趋势：ETF和上市公司现在控制了总比特币供应量的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.

链上分析公司生态学计量学的新图表重点介绍了比特币作为机构资产的成熟趋势的增长趋势：ETF和上市公司现在控制了总比特币供应量的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.

根据数据，自2024年美国现场BTC ETF推出以来，这种趋势反映了所有权的结构性转变。尽管灰度和早期机构参与者在2020年至2023年之间占据主导地位，但急剧上升的ITF批准表明，传统资本进入该空间。

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

图表指出：“现场ETF的推出进行了繁重的工作，但是MicroStrategy和其他上市公司也进行了一些认真的购买。”

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.

随着机构胃口的不断增长，生态学计量学表明，跟踪ETF流量和上市公司国库的行为为长期市场情绪和供应动态提供了宝贵的见解。

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

简而言之，机构采用不再是未来的预测，它已经在这里并加速了。