 | With 0.5% out of $16 trillion AUM invested into BTC, this would represent $80 billion in inflows. At current prices that capital would purchase over 3 million BTCs. The amount left in exchanges is significantly less (roughly 1.8 million coins). Out of the top exchanges Binance is the top holder with 550,127 BTC which might not be SEC friendly as a custodian. Don't be a jerk but discussion is encouraged. Sources: Reflexivity Research Bitcoin Balance on Exchanges @ Coinglass [link] [comments] |
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