🚨🚨🚨Breaking News: Supply shortage in Bitcoin: "Big Banks contacted about this issue"
The fact that Bitcoin ETFs have bought over 500 thousand #BTC since the day they were launched seems to have created a supply shortage. Hut8, one of the largest mining companies, announced that Wall Street banks had contacted them directly to purchase Bitcoins.
Bitcoin ETFs, which are moving with a much faster acceleration than expected, seem to have caused supply shortages.
Hut8, one of the largest publicly traded Bitcoin mining companies in the United States, recently said that major banks have contacted the company directly to purchase Bitcoins.
Speaking to DL News, Hut8 CEO Asher Genoot said, “Due to the supply shortage in different exchanges, banks have reached out to us to buy our Bitcoins." said. Genoot stated that banks are interested in Hut8's assets as well as its Bitcoin production capacity. However, the CEO did not name the institutions, but said they were “the biggest banks you can think of.”
Bitcoin ETFs have collected a large amount of BTC since January 11, when they were launched. As of today, #ETF assets are over $57 billion. Excluding the Grayscale ETF, the amount that the ETFs have collected from the market is more than 500 thousand BTC.
Hut8 has $600 million in Bitcoin assets. The company is the fourth most Bitcoin-holding company among publicly traded companies. Dec.
