$BTC
š¢ Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June:
š±In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May.
š±Spot Bitcoin exchange-traded funds (ETFs) in the United States acquired the equivalent of around two monthsā worth of the cryptocurrencyās mining supply in the first week of June.
š±The amount of Bitcoin acquired in the week alone was almost as much as the entire of May, 29,592 BTC, per HODL15Capitalās count, and is the biggest week of buying since mid-March when BitcoinĀ hit its current all-time highĀ of $73,679.
š±The 11 ETFs have seen $15.69 billion in net inflows since their January launch, including the $17.93 billionĀ in net outflowsĀ from Grayscaleās fund, with total assets under management (AUM) of around $61 billion.
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