Bitcoin ETFs consume more BTC than miners produce: What this shift means

12/23/2024 11:00
Bitcoin ETFs consume more BTC than miners produce: What this shift means

Spot Bitcoin ETFs attract $423.6M inflows in a week, outpacing miner production and tightening BTC liquidity.

Active Currencies 16254

Market Cap $3,454,248,051,160.80

Bitcoin Share 54.76%

24h Market Cap Change $-1.60

Bitcoin ETFs

Posted:

  • Spot Bitcoin ETFs absorbed 4,349.7 BTC, far surpassing miner supply this week.
  • Institutional demand tightens liquidity, amplifying Bitcoin’s price sensitivity and volatility risks.

Institutional demand for Bitcoin [BTC] shows no signs of abating, even amid price volatility. In the past week, spot Bitcoin ETFs recorded inflows of 4,349.7 BTC, worth $423.6 million – nearly double the 2,250 BTC mined in the same period.

This imbalance highlights the growing dominance of institutional investors in shaping market dynamics and raises critical questions about Bitcoin’s ability to meet escalating demand.

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Samantha is a full-time crypto journalist with 2 years of writing experience in the field. Her key area of interest is the political ramifications of crypto-centric laws around the world. An avid market trader, Samantha also has a keen eye for price anomalies on trading charts.

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