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“Over-the-counter (OTC) buying and selling desks are coping with massive institutional purchasers, and in accordance with their combination stock knowledge, balances have decreased from almost 10,000 Bitcoins in Q2 2023 to lower than 2,000. This exhibits that establishments such because the Bitcoin ETF issuers, by their market makers, should buy Bitcoins immediately from exchanges. The provision/demand imbalance is 1:10 (day by day mined vs. day by day ETF demand),” Thielen famous.
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