Accumulate

Bitcoin

Coin

<ul class="wp-block-list news-points">
 <li><strong>U.S. Bitcoin ETFs outpaced mining supply, acquiring 17,941 BTC in September 2024.</strong></li>
 <li><strong>BlackRock’s iShares ETF saw massive growth, amassing 366,451 BTC by September 2024.</strong></li>
 <li><strong>Grayscale’s ETF holdings dropped to 221,191 BTC, signaling investor reallocation.</strong></li>
</ul>
<p>US Bitcoin ETFs snapped up more Bitcoin than miners produced in September 2024. Data from HODL15Capital shows that ETFs collectively acquired 17,941 BTC, while miners only mined 13,500 BTC during the same period.</p>
<p>This surge in demand highlights the growing interest in Bitcoin ETFs, which are now a major market force. The fact that Bitcoin ETFs bought 100% of all newly mined Bitcoin, plus more, indicates a shift in market dynamics that could have a lasting impact on Bitcoin’s price and availability.</p>
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   <p lang="en" dir="ltr">U.S. Bitcoin ETFs bought 100% of all newly mined Bitcoin in September. <a href="https://t.co/xwMSRxKS5C" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xwMSRxKS5C</a></p>— HODL15Capital <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@HODL15Capital) <a href="https://twitter.com/HODL15Capital/status/1841089964701888840?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 1, 2024</a>
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<h2 class="wp-block-heading" id="h-bitcoin-etfs-continue-to-accumulate-holdings"><strong>Bitcoin ETFs Continue to Accumulate Holdings</strong></h2>
<p>Further HODL15Capital data indicates that by the end of September 2024, <a href="https://coinedition.com/bitcoin-etfs-drive-surge-in-u-s-trading-volumes-weekday-dominance/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">U.S. Bitcoin ETFs </a>collectively held 931,650 BTC, representing over $60.5 billion in assets under management (AUM). This growing demand comes at a ti…</p>
<p>The post <a href="https://coinedition.com/bitcoin-etfs-now-hold-more-bitcoin-than-miners-produce/" rel="noopener noreferrer nofollow">Bitcoin ETFs Now Hold More Bitcoin Than Miners Produce</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin ETFs Now Hold More Bitcoin Than Miners Produce

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