According to Deep Tide TechFlow, on May 5, Cointelegraph reported that U.S. spot ETFs purchased 18,644 Bitcoins this week, while the Bitcoin network only mined about 3,150 new coins during the same period. This means that the ETF purchase volume is approximately 5.92 times the new supply.
U.S. Spot ETF Purchases Are 5.92 Times the New Supply of Bitcoin
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