Over the rolling 24 hours, $BTC +1.07%. This shows that the spot quote has risen compared with 24 hours ago, but price alone cannot tell us where the funds came from, let alone establish the direction of ETF or institutional fund flows. When reviewing holdings reports, I would first distinguish how much was held at a given point in time (a stock) from how much flowed in net over a period (a flow); one cannot be substituted for the other.

According to a report by Jinse Finance on October 28, 2026, the Dutch central bank published statistics on residents’ crypto-asset holdings for the first time: as of the end of June 2026, Dutch households held about €3.2 billion in crypto assets through domestic crypto-asset service providers, including bitcoin holdings valued at about €1.5 billion. These are euro valuations at a specific point in time—not new purchases in October or net flows over a period. The report did not provide the corresponding amount of BTC.

The limits of these statistics are also clear: they exclude overseas platforms, personally self-custodied wallets, and indirect crypto investments, so they cannot represent the total crypto-asset holdings of Dutch residents. A specific amount does not mean complete coverage; holdings recorded by domestic service providers cannot be extrapolated into a claim that residents as a whole are increasing their positions.

So this report does not explain the spot-price movement over the past 24 hours. I will continue to check net-flow data that is consistent in methodology and continuous over time, while paying attention to the scope, units, and time windows of the statistics. What the available material confirms is a rise in the quote and a historical holdings statistic with clear limitations; there is not enough evidence to connect the two causally.