U.S. spot Bitcoin ETFs now hold over 1M BTC, 5.33% of total supply

CryptoQuant contributor MAC_D recently noted on his Telegram channel that U.S. spot Bitcoin ETFs now hold roughly 5.33% of the total BTC supply. As of January, these ETFs owned 629,000 BTC, but their holdings have since increased by 425,000 BTC to a total of 1,054,000 BTC. MAC_D suggests that if the U.S. decides to establish a national Bitcoin stockpile in the future, we could see even larger inflows into these ETFs. He also added that as these ETFs continue to accumulate more BTC, a strong upward trend in Bitcoin's price is likely.