Editor's PiCK
Bitcoin Spot ETF Sees Inflows of Over $1 Billion for Two Consecutive Days for the First Time
Summary
- It was reported that spot Bitcoin (BTC) ETFs saw inflows of over $1 billion for two consecutive days.
- This is the first time such a phenomenon has been recorded since spot ETFs were launched in January last year.
- ETF demand for Bitcoin greatly exceeded the supply, with a significant gap between the amount of Bitcoin purchased by ETFs and the quantity mined on the 10th.
It has been observed that spot Bitcoin (BTC) ETF funds recorded inflows of over $1 billion for two consecutive days, marking the first time this has happened since their launch.
On the 13th (local time), Satoshi Club announced on X (formerly Twitter), “Spot Bitcoin ETFs have recorded inflows exceeding $1 billion for two straight days,” and “this is the first occurrence since their launch in January last year.”
According to Farside Investor data, Bitcoin spot ETF inflows reached $1,175,600,000 on the 10th and $1,029,600,000 on the 11th, respectively.
It was further stated, “ETF demand for Bitcoin has far surpassed its supply,” and “on the 10th, the number of Bitcoins purchased by ETFs was close to 10,000, while only 450 coins were mined that day.”
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
