Institutional Demand Outstrips Bitcoin Supply

A recent analysis by Odaily reveals a stark imbalance in the bitcoin market. Since the launch of U.S. spot ETPs, institutions have purchased 529,325 bitcoins, outpacing new mining activity which totaled only 249,725. This disparity signifies the robust demand from institutional investors for Bitcoin remains significantly higher than the current circulating supply. This trend underscores continued market enthusiasm for Bitcoin.