US ETFs Buy Six Times More Bitcoin Than Miners Produce in One Week

A staggering surge in demand for Bitcoin has been witnessed as US-based exchange-traded funds (ETFs) bought six times the amount of Bitcoin produced by miners last week. The market was flooded with a total of $1.8 billion worth of Bitcoin ETFs inflows, significantly surpassing the 3,150 BTC mined during the same period according to data from HODL15Capital. This unprecedented buying spree highlights the insatiable appetite for Bitcoin among institutional investors, particularly those utilizing regulated products like BlackRock’s IBIT, which led the pack with a staggering $2.5 billion in inflows over five days.