U.S. Spot Bitcoin ETFs Absorbed 18,991 BTC in Five Days, Bitwise Says
According to Bitwise Europe research head André Dragosch, U.S. spot Bitcoin ETFs bought about nine times more Bitcoin than miners produced over the same five-trading-day period, underscoring accelerating institutional demand.
BTC
Fact Check
The claim is directly supported by André Dragosch’s X post on 2026-04-24, which is the closest primary source found in this run. That post explicitly says US spot bitcoin ETFs purchased 18,991 BTC over the past 5 trading days and that this was 9 times new supply. CoinPost and BlockBeats both independently repeat the same figures and identify Dragosch/Bitwise as the source, while the Cointelegraph X post also echoes the same numbers. Confidence is medium rather than high because no Bitwise research page, ETF flow dataset, or underlying calculation page was found here to independently verify the arithmetic.
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Summary
Bitwise Europe research head André Dragosch said on X on the 24th that U.S. spot Bitcoin ETFs acquired 18,991 BTC over the past five trading days. That total was about nine times larger than new Bitcoin mining supply over the same period, highlighting a sharp imbalance between ETF buying and newly issued coins. The comparison points to accelerating institutional investor demand for Bitcoin through regulated fund products.
Terms & Concepts
- Spot Bitcoin ETF: An exchange-traded fund that holds Bitcoin directly, allowing investors to gain price exposure through a regulated market vehicle.
- BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market capitalization.
- Mining supply: The new Bitcoin created by miners and added to circulation under Bitcoin’s fixed issuance schedule.