K33 Research: The number of Bitcoins managed by ETP reaches a new high

K33 Research posted on X platform stating that the amount of Bitcoin managed by Exchange Traded Products (ETPs) has reached a historical high. In the past few weeks, as the market's anticipation of the approval of a spot Bitcoin ETF has driven up the coin price, the amount of ETP BUM has also increased significantly.

Data disclosed by K33 Research shows that on November 12th, ETP BUM reached 204,170 coins, surpassing the previous high of 200,573 coins on April 1st, 2022.