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December 23, 2024

Bitcoin ETFs Now Absorb More BTC Than Miners Can Produce

The landscape of Bitcoin is rapidly evolving due to a spike in institutional demand. Remarkably, Bitcoin Exchange-Traded Funds (ETFs) currently consume more Bitcoin than what miners are able to produce. This trend is reshaping the market and indicates growing confidence among institutional investors. As demand for Bitcoin continues to grow, this could significantly influence its price and availability moving forward.

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