EMC Labs: As of February 29, the Bitcoin ETF has purchased a total of 144,689 BTC, accounting for 3.9% of the total issuance.

Crypto fund management company EMC Labs released its February 2024 report "The Birth of the Fifth Crypto Asset Bull Market." The report pointed out that as of February 29, BTC ETF had accumulated 144,689 purchases, with total holdings reaching 766,542, accounting for 3.9% of the total BTC issuance. The BTC stock of Coinbase, the main BTC purchase platform for 11 ETFs, continues to decline, with only 393,241 pieces remaining. Currently, miners mine only 900 BTC per day, which is far less than the purchase volume of the ETF channel. After the halving in April, the daily new supply will drop to 450. This year, BTC may face a supply crisis, driving up BTC prices.