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US Spot Bitcoin exchange-traded funds (ETFs) have recently purchased around six times of Bitcoin produced in the past week. The Spot Bitcoin ETFs purchased around 18,644 BTC in the last week, when just 3,150 BTC were mined for that duration, as reported by HODL 15 capital.
The miners are allowed to generate only 450 coins per day, and now the purchase by institutions and ETF issuers signals around six times the amount of BTC produced. An investment management boutique, Far side Investors, reported that the overall inflow for the last five trading days stood at $1.8 billion.
