Experts at CoinMetrics note that the perception of Bitcoin as “digital gold” is becoming increasingly widespread among investors. Long-term holders who have kept BTC for at least a year now control approximately 63% of the total cryptocurrency supply. This indicates a high level of confidence in Bitcoin’s future.
Additionally, a significant portion of BTC is already owned by institutional players, including public companies, ETFs, and government funds. According to the latest data, their share has exceeded 14%, reinforcing the trend of institutional adoption in the crypto market.
Large Investors Actively Accumulate Chainlink (LINK)
Bitcoin isn’t the only asset attracting the attention of large investors. Analysts report that whales and sharks have been actively accumulating Chainlink (LINK) since September 2024. Since early March, the asset’s price has surged by approximately 25%, ranking 12th among digital currencies.
This week, LINK surpassed the $16 mark for the first time since March 3, reaching a local peak. This led to an expected partial profit-taking by retail investors. However, addresses holding between 10,000 and 10 million LINK acquired an additional 26 million tokens, bringing their reserves to 438.33 million LINK—43.8% of the total token supply.
Analysts believe that such a high concentration of large investors creates conditions for further LINK price growth, especially amid rising demand for decentralized oracle solutions.
Grayscale Files for AVAX-ETF Approval
Grayscale has taken another step toward expanding crypto exchange-traded funds (ETFs) by filing an SEC application for a spot Avalanche (AVAX) ETF.
Nasdaq submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) for the registration of this new fund. If approved, the existing Grayscale Avalanche Trust, launched in August 2024, will be converted into a publicly traded ETF.
According to Grayscale, the fund’s assets will consist exclusively of AVAX tokens, with its primary goal being to reflect the value of the underlying asset based on index pricing. Coinbase will act as the custodian, while BNY Mellon Asset Servicing will serve as the administrator and transfer agent.
Besides Grayscale, VanEck also entered the race for an AVAX-ETF, submitting an S-1 form for a similar product on March 14.
Avalanche9000 Upgrade Simplifies Subnet Deployment
A key factor behind Avalanche’s growing interest was the major Avalanche9000 upgrade, released in December 2024. It significantly reduced the cost of deploying subnets by 99.9% and cut transaction fees in the C-Chain network by 25 times—a blockchain compatible with Ethereum smart contracts.
These improvements make Avalanche a more attractive platform for developers and projects working in DeFi, NFTs, and enterprise blockchain solutions. If the AVAX-ETF gets approved, it could attract even more institutional investors to the Avalanche ecosystem.
Recent trends indicate that the cryptocurrency market remains in a phase of active accumulation.
– Bitcoin is strengthening its reputation as “digital gold,” with institutional investors continuing to increase their holdings.
– Chainlink (LINK) is gaining attention from large investors, potentially driving further price growth.
– Grayscale and VanEck are preparing to launch AVAX-ETF, which could serve as a key catalyst for Avalanche.
– The Avalanche9000 upgrade has significantly improved network efficiency, enhancing its competitiveness in the blockchain space.
These developments confirm that the crypto market continues to evolve and attract institutional capital, despite potential regulatory risks and macroeconomic challenges.
