Bitcoin ETFs are experiencing explosive growth, rapidly absorbing the available BTC supply. Bloomberg Senior ETF Analyst Eric Balchunas highlighted this trend on X, noting that spot Bitcoin ETFs collectively purchased approximately 25,000 BTC in just three days. BlackRock's IBIT ETF is leading the charge, attracting a staggering $643 million in inflows yesterday alone. Balchunas emphasized the extraordinary speed of these inflows, suggesting a significant impact from basis trade strategies seeking short-term gains. This surge in demand from ETFs is putting upward pressure on Bitcoin prices, potentially leading to supply scarcity in the long run if the trend continues. The rapid accumulation also signals strong institutional interest in Bitcoin as an asset class. Investors are closely monitoring these developments to assess the long-term implications for the cryptocurrency market. ```

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