Bitcoin ETFs Now Own 6.29% of Every Bitcoin. What Happens When They Hit 10%?

Bitcoin ETFs now hold approximately 6% to 6.29% of the total Bitcoin market cap. This institutional adoption is reducing the active supply of the asset, which could potentially drive price volatility. Furthermore, this trend increases the market influence of major players. Meanwhile, reports indicate that Bitcoin production costs have reached $78,000, raising questions about the consequences for miners if they begin to lose money during this period of institutional growth.