Bitcoin ETFs Drive Demand Surge, Buying 6x Weekly Mined Supply

Quick Summary:

The US Spot Bitcoin exchange-traded funds (ETFs) have recently purchased around six times of Bitcoin produced in the past week.  The Spot Bitcoin ETFs purchased around 18,644 BTC in the last week, when just 3,150 BTC were mined for that duration, as reported by HODL15Capital.

Just imagine what might happen as these limitations are taken off.

The purchase resulted in a skyrocketing price of BTC at the beginning of May.

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Article Details

Author / Journalist: Sharmistha Suman

Category: Crypto

Markets: United Arab EmiratesMali

Topics: Bitcoin News Market Updates BTC ETF ETF Bitcoin BTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 08:10:50 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 302 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28397093

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 21 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

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