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2024-02-16 16:31:00

BitcoinArchive on Nostr: JUST IN: The 9 new Bitcoin ETFs now hold 258,770 $BTC in total, buying an average of ...

JUST IN: The 9 new Bitcoin ETFs now hold 258,770 $BTC in total, buying an average of ~10,000 #Bitcoin  a day.

This is about 11x the daily issuance from the block reward.

CHART: Daily number of Bitcoin acquired by ETFs net of GBTC outflows.
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npub15h5n4muwsgxtc74hkcs9lp2ts7hdfdyvta4np7a7hfwfneqdeuls5qtl4k