• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin ETFs Demand Surpasses Cryptocurrency Mining Yield

user avatar

by Giorgi Kostiuk

a year ago

Bitcoin ETFs have increased holdings by purchasing 51,500 BTC, surpassing mined bitcoins during the same period.

BTC ETF Accumulation

According to data from Apollo and BiTBO, exchange-traded funds tracking bitcoin totaled 51,500 BTC. Meanwhile, only about 13,850 Bitcoins were added to the circulating supply.

Significant Price Surge

This high demand contributed to an all-time high of $108,135. Donald Trump's election victory attracted investors, driving up prices.

There’s not enough supply available at current prices to satisfy demand.Jesse Myers

Market Supply Shortage

The crypto market faced a supply shock as exchange balances hit new lows. Furthermore, ETFs continued their buying spree in January, with near $1 billion acquired.

The market is seeing a supply shock.crypto researcher Vivek

ETFs continue to significantly impact the market, indicating a need for restoring demand-supply equilibrium.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana Faces Weakening Performance and Declining Stablecoin Supply

chest

Solana's network shows signs of decline with a significant drop in stablecoin supply, raising concerns about its future compared to Ethereum.

user avatarRajesh Kumar

Bitfinex Alpha Highlights Key Factors Influencing Bitcoin's Price

chest

Bitfinex Alpha reports that Bitcoin's price is increasingly influenced by spot ETF capital flows amid weakening demand and macroeconomic challenges.

user avatarLucas Weissmann

Vine Coin Surges 86% Amid AI Speculation Linked to Elon Musk

chest

Vine Coin (VINE) has surged 86% in 24 hours due to speculation about an AI revival of the Vine app linked to Elon Musk.

user avatarFilippo Romano

Regulatory Discussions Impact Decentralized Platforms

chest

Current regulatory discussions are significantly impacting sentiment around decentralized platforms, including Hyperliquid.

user avatarEmily Carter

International Community Mobilizes to Support Egypt Amid Currency Crisis

chest

The international community has initiated coordinated responses to support Egypt amid its currency crisis.

user avatarMaya Lundqvist

Military Conflict in the Middle East Causes Economic Shockwaves in Egypt

chest

The ongoing military confrontation between US-Israeli forces and Iranian-backed militias has triggered significant economic repercussions for Egypt, including rising oil prices and a decline in tourism.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.