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U.S. Bitcoin ETFs Are Buying More BTC Than Miners Can Keep Up With — Is $150K Incoming?

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U.S. spot Bitcoin exchange-traded funds (ETFs) are rapidly accumulating BTC tokens, outpacing miners’ production ability. Last week, these ETFs collected 18,644 BTC against the mining supply of 3,150 BTC, marking a sixfold increase in institutional demand. This shift is causing a pressure-cooker effect on Bitcoin’s price, with more coins being taken off the market and […]

The post U.S. Bitcoin ETFs Are Buying More BTC Than Miners Can Keep Up With — Is $150K Incoming? appeared first on Coinchapter.

4h ago
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