Bitget reports an increase in custody account by 250 %

• The report from Bitget shows a 250 percent increase in custody account, which is due to the expectation of BTC ETFs.
• Institutional acceptance promotes growth because interest in Bitcoin and Ethereum ETFs increases.
• Short -term storage dominates, with 77 % of the depots being used for short -term purposes.

Bitget, a well-known cryptocurrency exchanges and web3 company, has published a report that reveals a remarkable increase in assets to third-party deposit accounts.

The report shows a breathtaking increase in assets by 250 % within the last four months. This increase is closely linked to the expectation and possible approval of the BTC-ETF and signals a crucial moment on the cryptocurrency market. The investigation is based on data from the depot accounts of third parties of Bitget, which were initiated by cooperations with providers of depots for digital assets, including Copper and Cobo.

The increase in custody account accounts is not only proof of the performance of the cryptoma market, but also a sign of the increasing integration of cryptocurrencies into everyday life. Macroeconomic factors such as geopolitical tensions and local conflicts also urge users to look for financial refuge in cryptocurrencies to protect their savings.

institutional acceptance and the increase in Bitcoin and Ethereum ETFs promote growth

The study by Bitget puts institutional acceptance in the foreground and emphasizes an increasing interest in Bitcoin and Ethereum ETFs. This institutional commitment has contributed significantly to the increase in deposit values. Since the market is exposed to fluctuations in Bitcoin prices and at the same time cryptocurrencies are increasingly integrated into different sectors, the introduction of deposit solutions has become increasingly important for both private investors and institutional investors.

Market -wide statistics show a clear preference for short -term storage in depots. Users, in particular those with short -term interests, have an increased level of activity, with a considerable 77 % of all depot accounts being used for short -term purposes. The spread of short -term use became clear in November 2023, which was accompanied by a strong increase in the commercial volume and the opening of new accounts in order to benefit from opportunities.