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CoinOtag
2024-06-10 12:26:21

Spot Bitcoin ETFs Fuel Potential Supply Shock with Massive BTC Acquisitions

In the dynamic world of cryptocurrencies, the introduction of spot Bitcoin exchange-traded funds (ETFs) has generated significant interest and activity. Recent data reveals that these ETFs are acquiring new Bitcoins at a pace far exceeding the production rate by miners. According to HODL15Capital, U.S.-based Bitcoin ETFs have purchased an amount equivalent to almost two months’

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