Bitcoin ETF Data Analysis: The Impact of Institutional Get on Board on the Market

Recently, several well-known institutions have submitted applications for Bitcoin spot ETFs to the SEC, indicating that Bitcoin and cryptocurrencies may be adopted by more institutions. To analyze the impact of institutions getting on board on the crypto market, this article analyzes the trading situation of the listed Bitcoin spot ETFs, futures ETFs, and trust funds.

The main findings are as follows:

1. The total holdings of the three major funds BTCC.U, BTCE, and GBTC are approximately 675,600 BTC (, equivalent to 2.027 billion USD ). Since June, there has been a total increase of 9,292 BTC, showing a good overall growth trend.

2. The total assets managed by the five major Bitcoin futures ETFs, BITO, XBTF, BTF, BITS, and DEFI, have reached $1.295 billion. BITO is the only futures ETF that is fully allocated to CME futures contracts, while the other futures ETFs also allocate a certain percentage to other assets.

3. The highest return rate in the past month is BITS, reaching 33.20%, while others are about 12%. Since the beginning of this year, BITS has the highest return rate, reaching 137.65%, while others are about 74%. Futures ETFs have outperformed spot ETFs and trust funds.

4. Within one week after the announcement of a large asset management company's application for a Bitcoin spot ETF, the daily average price of Bitcoin spot rose by 2.78%, marking the largest daily average increase brought about by news within the statistical range.

5. The impact of institutional ETF applications and listing news on Bitcoin prices mainly comes from three aspects: institutional reputation endorsement, ETF type ( spot ETF application news has a greater impact ), and the trend of Bitcoin prices at the time of application.

In addition, the number of on-chain Bitcoin transactions has recently reached a historical high, hitting 582,500 on July 18, an increase of 210.83% compared to the beginning of the year. This reflects an improvement in the fundamental applications of Bitcoin and may also be one of the reasons for the recent price increase.

Overall, the application and approval of ETFs are closely related to the development of the entire market, with both complementing each other. Institutional entry can bring funds and confidence to the market, but the specific impact needs to be observed continuously. In the future, we will continue to pay attention to the trading situation of the Bitcoin ETF and its impact on the market.