According to Bitcoin Magazine on platform X, citing data provided by columnist Nikolaus Hoffman, despite the drop in Bit price this week, US Bit spot ETFs purchased 4,349.7 BTC, worth approximately $423.6 million, while mining output during the same period was only 2,250 BTC.
Data: This week, the amount of BTC purchased by the US Bitcoin spot ETF was nearly twice the mining output during the same period, exceeding US$423 million
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