Bitcoin

<ul class="news-points"> 
 <li>The founder of the Bitcoin S2F model claimed “ETFs like BlackRock” are adopting a front-loading strategy for BTC acquisition.&nbsp;</li> 
 <li>The founder argued that institutional investors acquire BTC indirectly from miners rather than through exchanges.</li> 
 <li>The turnout has supposedly led Bitcoin’s mining difficulty to an all-time high.</li> 
</ul> 
Recently, the creator of the Bitcoin Stock-to-Flow (S2F) model, known by the X username “PlanB,” shared insights into Bitcoin’s surging mining hash rate, arguing the involvement of significant asset managers like BlackRock. 
According to PlanB, financial institutions seeking Bitcoin exchange-traded funds (ETFs), such as BlackRock, are adopting a front-loading acquisition strategy. He claimed these institutional investors opt to accumulate BTC indirectly through miners instead of purchasing the crypto directly on exchanges. 
PlanB argued that acquiring <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a> directly on exchanges could significantly impact its price. On the other hand, he noted that buying it indirectly from miners affects the mining hash rate more than the price. According to PlanB, this could explain the recent Bitcoin network hash rate surge. 
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 IMO ETFs like BlackR…
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The post <a href="https://coinedition.com/etfs-like-blackrock-are-responsible-for-btc-mining-hash-rate-surge-expert/">“ETFs Like Blackrock” Are Responsible for BTC Mining Hash Rate Surge: Expert</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

“ETFs Like Blackrock” Are Responsible for BTC Mining Hash Rate Surge: Expert

Coin Edition

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