Over 11 Million Bitcoin Remain Unattributed Despite Wall Street Buying
· etf · Sentiment: bullish
Over 11 million Bitcoin, nearly 56% of total supply, remain unattributed to known entities despite sustained institutional accumulation. BlackRock alone drove the entire $110 million net inflow into spot Bitcoin ETFs on the most recent reporting day, underscoring continued Wall Street demand. The consensus across reports highlights that large-scale buying by institutions has not yet absorbed the vast dormant or privately held supply. The key implication is that Bitcoin’s float remains structurally tight, supporting scarcity-driven price pressure even as ETF demand scales.