Standard Chartered Bank: Institutional funds have purchased about 3% of the total Bitcoin supply in 2024
According to Reuters, Geoff Kendrick, the global head of digital asset research at Standard Chartered Bank, said that Bitcoin's breakthrough to $100,000 is mainly due to the institutional development of the industry this year, especially the continuous inflow of ETF funds. Institutional funds have purchased about 3% of the total supply of Bitcoin by 2024.
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