Bitcoin Held by Exchanges and ETFs Reaches New Record High

Institutional investors have increased their holdings of Bitcoin to record levels, surpassing $1.69 million BTC in the process. This surge in institutional custody signifies growing confidence in Bitcoin as a long-term investment asset. Exchanges and cryptocurrency funds are currently holding approximately 1.69 million BTC, according to reports from Bitcoin Treasuries, marking an all-time high for this metric. These holdings signify increasing trust in bitcoin, potentially influencing market dynamics by reducing liquidity and enhancing the asset’s perceived stability.