Bitwise CIO: The amount of BTC purchased since the launch of the Bitcoin ETF is more than twice the amount mined by miners

avatar
ODAILY
07-17
This article is machine translated
Show original
Odaily Odaily News Bitwise Chief Investment Officer Matt Hougan said that since the launch of the spot Bitcoin ETF, the number of Bitcoins purchased by related funds has reached about 263,965, while the number of Bitcoins mined by Bitcoin miners during the same period was 129,281, which means that the number of BTC purchased by Bitcoin ETFs since their launch is more than twice the amount mined by miners. In addition, Bitcoin has risen by about 40% since the launch of the ETF on January 11, and has risen by more than 100% since October 2023. It is expected that the impact of Ethereum ETF on ETH will be greater. (Theblock)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments