𝗟𝗔𝗧𝗘𝗦𝗧: 𝗠𝗮𝗷𝗼𝗿 𝗕𝗮𝗻𝗸𝘀 𝗙𝗹𝗼𝗰𝗸 𝘁𝗼 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗔𝗺𝗶𝗱 𝗦𝘂𝗽𝗽𝗹𝘆 𝗦𝗵𝗼𝗿𝘁𝗮𝗴𝗲𝘀, 𝗦𝗮𝘆𝘀 𝗛𝘂𝘁𝟴 𝗖𝗘𝗢
The launch of Bitcoin spot exchange-traded funds (ETFs) on January 11 has led to a dramatic surge in demand, resulting in a Bitcoin supply shortage. According to Asher Genoot, CEO of Hut 8 Mining, one of the largest Bitcoin mining companies globally, major banks are now approaching miners directly to purchase Bitcoin. This shift comes as ETFs have absorbed over 211,000 Bitcoin, worth approximately $12 billion, causing a scramble for available coins on centralized exchanges.
