Bitcoin ETFs Demand Surpasses Cryptocurrency Mining Yield

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

New Report Released Based on Sec Information

chest

A report has been generated based on the information released by Sec. This release aims to inform the public and increase awareness of the information provided.

user avatarArif Mukhtar

Metaplanet Acquires Additional 1,007 Bitcoin, Reaches 20,000 BTC Milestone

chest

Metaplanet has acquired an additional 1,007 Bitcoin for $69 million, reaching a total of 20,000 BTC.

user avatarMaria Gutierrez

New Editorial Guidelines Introduced to Guarantee Accurate Reporting.

chest

A new editorial policy has been launched that emphasizes accuracy, relevance, and impartiality in all reports.

user avatarDavid Robinson

Jim Cramer Proposes Major Nvidia Stock Buyback

chest

Jim Cramer suggests Nvidia should quintuple its stock buyback authorization to $500 billion.

user avatarAndrew Smith

Arbitrum DAO Approves Ecosystem Incentive Programs

chest

The Arbitrum DAO has approved a governance proposal to direct treasury resources towards ecosystem growth through incentive programs.

user avatarJacob Williams

FBI Takes Action Against Hamas Fundraising with Cryptocurrency Seizure

chest

The FBI has seized approximately $560,000 in cryptocurrency linked to Hamas as part of efforts to disrupt terrorist fundraising operations.

user avatarZainab Kamara

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.