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Yesterday, net inflows into U.S. #Bitcoin ETFs surpassed nearly $1 billion.

Currently, around 450 BTC are mined daily, equivalent to approximately $500 million at the current price.

In other words, ETFs from just one country are already buying more #Bitcoin than the amount being produced each day — not even accounting for demand from retail investors, governments, or corporations holding BTC in their treasuries.

This is one of the main reasons why Bitcoin’s price has been reaching new all-time highs, even without signs of FOMO, euphoria, or a retail-driven surge. It’s also why many analysts argue that we may be witnessing the end of the traditional four-year correction cycles.

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Discussion

Martin Mladenov 7mo ago

Even Michael Saylor's MicroStrategy is pulling off what feels like a stealth halving, scooping up most of those new coins and yanking them out of circulation. It’s like the ultimate HODL move, tightening the screws on supply while demand keeps climbing. No wonder we’re seeing these new highs without the usual retail frenzy.

BitLo 7mo ago

So roughly 20x the available BTC daily supply was sucked up by US ETF’s alone yesterday.

Davide 7mo ago

450 BTC are worth $50 million, not 500. At the current price.