ETF Issuers Are Buying Bitcoin 20 Times Faster than Total Mining Output

According to a concerning new report, Bitcoin ETF issuers are acquiring BTC more than 20 times faster than miners can produce new blocks. Collectively, they purchased more than 9,000 on Friday and Monday, with rates only increasing. This higher consumption rate persists despite Bitcoin’s recent downturn, suggesting it will continue. Bitcoin and the ETF Issuers Analysts noted that Bitcoin ETF... source: https://beincrypto.com/bitcoin-etf-issuers-buy-20x-miners/