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

Highlighted News: U.S. Bitcoin ETFs' Massive Purchases Exceed Mining Supply Ratio

user avatar

by Giorgi Kostiuk

2 years ago


Recent data showcases that purchases of U.S. Bitcoin ETFs have surpassed the mining supply ratio, indicating increased investor interest in Bitcoin through this investment vehicle. This development signifies a notable shift in the market as the demand for Bitcoin through ETFs outpaces the supply generated through the mining process.

The rising popularity of U.S. Bitcoin ETFs signifies a growing acceptance and adoption of cryptocurrencies within traditional financial systems. It highlights a new trend where institutional and retail investors are leveraging these regulated instruments to gain exposure to Bitcoin, a leading digital asset.

The significant influx of investments into Bitcoin ETFs underscores the evolving perception of cryptocurrencies as legitimate investment assets. It reflects a broader shift towards recognizing the potential of digital currencies as part of diversified investment portfolios, further blurring the lines between traditional finance and the crypto sphere.

The outpacing of mining supply by U.S. Bitcoin ETFs purchases signals a changing landscape in the cryptocurrency market, with traditional financial products increasingly intersecting with the digital asset space. This trend not only boosts the accessibility of cryptocurrencies for a wider investor base but also hints at a more mainstream integration of digital assets into established financial frameworks.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

BMIC Launches Quantum-Secure Wallet to Combat Future Threats

chest

BMIC is gaining attention for its focus on a fully quantum-secure finance stack, addressing vulnerabilities in current crypto wallets.

user avatarAyman Ben Youssef

Security Vulnerabilities Exposed in Prediction Markets

chest

Security vulnerabilities exposed in prediction markets, highlighting a flaw in the authentication flow of a third-party login service that allowed attackers to bypass two-factor authentication.

user avatarTando Nkube

Bitcoin Hyper Aims to Enhance Bitcoin's Utility with Layer 2 Solution

chest

Bitcoin Hyper has launched a new Layer 2 solution to improve Bitcoin's scalability and utility for developers by integrating the Solana Virtual Machine, allowing for sub-second transaction finality while maintaining security.

user avatarRajesh Kumar

Ray Dalio Warns of Dystopian Future with CBDCs

chest

Ray Dalio warns that Central Bank Digital Currencies (CBDCs) will compromise transactional anonymity and increase government surveillance over personal finances.

user avatarNguyen Van Long

Bybit Partners with Stockholm Open to Rebrand as BNP Paribas Nordic Open

chest

Bybit has announced its title partnership with the Stockholm Open, rebranding the tournament to the BNP Paribas Nordic Open.

user avatarKofi Adjeman

Coinbase's Unique Super Bowl Ad Receives Polarizing Feedback

chest

Coinbase aired a unique Super Bowl ad that received a polarizing response from viewers.

user avatarSatoshi Nakamura

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.