The total held by illiquid entities, or those with little-to-no spending history, hit a record high 15,207,843 tokens.
Bitcoin climbed 9% Wednesday, and the illiquid supply change data suggests high demand.
Earlier this week, BlackRock submitted an application for a spot bitcoin ETF.
The total amount held by these illiquid entities is now at a record 15,207,843 tokens.
Earlier this week, BlackRock submitted an application for a spot bitcoin ETF, which would allow investors to gain exposure to the token without owning the asset.
Persons:
Bitcoin, —, CoinDesk, James Check
Organizations:
BlackRock, Service, Securities and Exchange Commission, Federal Reserve