According to data provided by
Coinglass, the top 20 CEXs have a total of slightly more than 1.8 million BTC in their possession, and according to publicly available data, spot ETFs in the US have purchased slightly less than 350 000 BTC since trading was approved.
What the data also shows is that the top 20 CEXs lost about 55 000 BTC in the past month, and considering that ETFs mostly buy through the OTC, the question is how deep is that bag and when will it dry up? What comes to my mind as an interesting question is how much it actually takes for the amount of BTC on the top CEXs to approach critical levels if ETFs + everyone else, for example, would continue to buy at the same rate until the end of this year?
I will immediately give an answer and say that in the next 10 months ETFs could remove between 1 and 1.3 million BTC from the market, which of course would have an incredibly positive effect on the price.
A question for everyone - do you think it will happen in the future that there simply won't be enough BTC for all those who want to buy it?