📌 Article Summary: Bitcoin’s ETFs are beginning to reshape the crypto landscape — but not without consequences. While ETFs are making Bitcoin trading more accessible and efficient, they’re also drastically reducing transaction fees, which miners have long depended on as a critical source of revenue.
With lower fees, mining profitability is being squeezed, raising concerns about the sustainability of the Bitcoin mining industry. Analysts warn that if this trend continues, smaller miners could be pushed out, leaving the network more centralized in the hands of large-scale players.
In short: ETFs drive trading volume but cut into on-chain fees. Miners face shrinking rewards, sparking financial stress.
Long-term risk: Potential miner consolidation and network centralization.
👉 Bitcoin ETFs may be a win for investors, but for miners, the pressure is mounting.