$BTC

šŸ“¢ Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June:

šŸŒ±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.

šŸŒ±Spot Bitcoin exchange-traded funds (ETFs) in the United States acquired the equivalent of around two monthsā€™ worth of the cryptocurrencyā€™s mining supply in the first week of June.

šŸŒ±The amount of Bitcoin acquired in the week alone was almost as much as the entire of May, 29,592 BTC, per HODL15Capitalā€™s count, and is the biggest week of buying since mid-March when BitcoinĀ hit its current all-time highĀ of $73,679.

šŸŒ±The 11 ETFs have seen $15.69 billion in net inflows since their January launch, including the $17.93 billionĀ in net outflowsĀ from Grayscaleā€™s fund, with total assets under management (AUM) of around $61 billion.

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