Bitcoin ETFs vs. Miners: A Tale of Supply and Demand!
This past week, Spot Bitcoin ETFs snatched up 6,573 BTC, demonstrating an insatiable appetite for direct exposure to Bitcoin's price movements. In contrast, Bitcoin miners only minted 3,150 new BTC.
This stark disparity reveals an intriguing dynamic: institutional demand via ETFs is outpacing new supply from miners. Could this be paving the way for a potential supply shock post-halving?
The ETFs' buying power signals rising investor confidence in Bitcoin as a legitimate asset class. However, while ETFs offer convenience, remember that owning actual BTC gives you control over your assets.
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