Editor's PiCK
"Institutional Demand for Bitcoin Exceeds Mining Supply by More Than Sixfold"
Uk Jin
Summary
- It was reported that institutional demand for Bitcoin exceeds the daily mining supply by more than 600%.
- According to Capriole Investments, institutional purchasing volume was 3,314.37 BTC, 609% higher than the mining amount.
- A net inflow of 1,710.03 BTC came from exchange-traded funds (ETF), and 1,604.33 BTC was purchased by Bitcoin treasury strategy firms.
It has been found that institutional demand for Bitcoin (BTC) significantly exceeds the amount of Bitcoin mined.
On the 28th (KST), Charles Edwards of Capriole Investments reported via X (formerly Twitter) that “institutional demand for Bitcoin has been recorded at more than 600% higher than Bitcoin’s daily mining increase.”
According to a chart provided by Capriole Investments, as of that day, the daily number of Bitcoins mined was 467.19, while the number of Bitcoins purchased by institutions was 3,314.37—609% higher than the mining supply. A net inflow of 1,710.03 BTC came from exchange-traded funds (ETF), and 1,604.33 BTC was purchased by Bitcoin treasury strategy firms.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
