Bitcoin ETFs Create “Demand Shock,” Buying 10x More BTC Than Is Mined

Description

Spot Bitcoin ETFs now hold over 6% of total BTC, led by BlackRock’s IBIT and Fidelity’s FBTC. Over $150B flowed into spot BTC ETFs since SEC approval, reshaping market demand. ETF purchases often outpace BTC mining supply by 10x, fueling a 160% price surge. Since the U.S. SEC approved 11 spot Bitcoin ETFs in January 2024, over $150 billion in capital has flooded into the market. The sudden inflows show powerful demand from both institutional and retail investors seeking direct Bitcoin exposure t...