Demand for US spot $BTC ETFs has just rocketed, leaving the daily supply by miners in the dust by a whopping 614%! 🚀

Why This Matters?

⭕ BTC ETFs:

Investors are running to Bitcoin ETFs for a taste of Bitcoin's gains without the hassle of direct ownership. It's about convenience and moving into Bitcoin's potential with ease.

⭕ Halving:

With the Bitcoin halving event right around the corner, reducing block rewards from 6.25 BTC to 3.125 BTC, we're staring down the barrel of a supply crunch. Bitcoin's getting rarer by the minute.

⭕ The Price:

This mix of surging ETF demand and the looming halving has turbocharged Bitcoin's value, boasting a staggering 55% increase year-to-date. Since BlackRock's Bitcoin ETF filing, it's insane 173% rise.

As we gear up for the halving, the stage is set for an unprecedented scenario. Bitcoin's already hit a new all-time high pre-halving, a first in its history. With ETF demand soaring and the supply set to halve, we're in uncharted waters.

✅ So What's Next?

Market watchers checking screens every minute, waiting to see how Bitcoin handles this supply shock plus halving combo.

What will happen next? Your guess?

#BTCETFs #Halving