Bitcoin ETFs Surpass Miners in Bitcoin Holdings
In September 2024, US Bitcoin ETFs accumulated more Bitcoin than miners could supply. According to data from HODL15Capital, ETFs collectively acquired 17,941 BTC during the month. In contrast, miners were able to produce only 13,500 BTC in the same period. This difference in supply and demand highlights a growing interest in Bitcoin ETFs as a preferred method for gaining exposure to the asset. Increased ETF Demand Signals Shifts in Bitcoin Market Notably, Bitcoin ETFs now play a critical role in the overall market dynamics. These funds absorbed all the newly mined Bitcoin in September, exceeding the available supply. This surge
