Bitcoin ETFs Acquire 710,000 BTC, Outpacing Mining Supply Two-to-One
According to Bitwise Asset Management, Bitcoin exchange-traded funds have purchased over 710,000 BTC since launch, exceeding new mining output by a factor of two.
BTC
Summary
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Terms & Concepts
- Bitcoin ETF: An exchange-traded fund that tracks the price of Bitcoin, enabling investors to gain exposure without directly holding the cryptocurrency.
- Mining issuance: The process by which new Bitcoin is created through blockchain mining, adding coins to the circulating supply.