*Spot Bitcoin ETFs are buying faster than miners are producing – a shortage is looming*
The figures are striking: since January 2024, American spot Bitcoin ETFs have accumulated *529,325 BTC*, while only *249,725 BTC* have been mined during the same period. *Demand far exceeds supply.*
*The effect of the April halving*
With the reduction of mining rewards to *3.125 BTC per block*, production is slowing down while institutional investors continue to buy. Historically, each halving has been followed by an average increase of *350%* in one year.