Fuel

Core

Bitcoin ETF

Bitcoin

Spot

<h4><strong>Spot Bitcoin ETFs accumulated an impressive 51,500 BTC, according to <a href="https://heyapollo.com/bitcoin-tracker/flows" target="_blank" rel="noopener noreferrer nofollow">data</a> from Apollo and BiTBO. </strong></h4>
<p>In comparison, only about 13,850 Bitcoins were added to the circulating supply during the same period, according to Blockchain.com.</p>
<h5><strong>ETFs Drive Bitcoin Surge, Outpacing Mining Production</strong></h5>
<p>This demand from ETFs was a major driving force behind Bitcoin’s strong performance, with the cryptocurrency hitting an all-time high of $108,135 on December 17, according to CoinGecko. Bitcoin ETF demand outpaced supply by a staggering 272%.</p>
<p>“There’s not enough supply available at current prices to satisfy demand,” explained Jesse Myers, co-founder of Onramp <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>. The soaring demand came on the heels of Donald Trump’s presidential election victory, which sparked a rally in Bitcoin’s price and attracted more investors into the space.</p>
<p><img src="https://www.altcoinbuzz.io/wp-content/uploads/2025/01/vcxbvcgnhghjg-300x158.png" alt="" width="651" height="343"></p>
<h6 style="text-align: center;"><strong>Source: <a href="https://heyapollo.com/bitcoin-tracker/flows" target="_blank" rel="noopener noreferrer nofollow">heyapollo</a></strong></h6>
<p>While ETFs were buying up Bitcoin at a rapid pace, mining operations were struggling to keep up. The largest mining firm by market cap, MARA Holdings, produced 9,457 BTC in December. Other mining companies reported smaller numbers, with Riot producing 516 BTC, Cleanspark mining 668 BTC, and Core Scientific adding 291 BTC.</p>
<h5><strong>Bitcoin ETFs Fuel Supply Shock as Demand Surges</strong></h5>
<p>Even combined, these figures were a drop in the bucket compared to the 51,500 BTC purchased by ETFs. “The market is seeing a supply shock,” said crypto researcher Vivek, referring to the shrinking Bitcoin supply. As of January 6, Bitcoin exchange balances had fallen to new lows, signaling that supply was running dry as demand surged.</p>
<blockquote class="twitter-tweet">
 <p><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> balance on exchanges hits an all time low.</p>
 <p>Supply shock incoming <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" style="height: 1em; max-height: 1em;"> <a href="https://t.co/BkEmFfWeE7" rel="noopener noreferrer nofollow">pic.twitter.com/BkEmFfWeE7</a></p>
 <p>— Vivek<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" style="height: 1em; max-height: 1em;"> (@Vivek4real_) <a href="https://twitter.com/Vivek4real_/status/1876299923987267864?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 6, 2025</a></p>
</blockquote>
<p></p>
<p>So, Bitcoin ETFs continued their aggressive buying spree in January. On January 3, over $900 million worth of Bitcoin was acquired, with preliminary data suggesting that nearly $1 billion in Bitcoin was purchased on January 6. As one expert put it, the writing is on the wall—supply-demand equilibrium must be restored.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/bitcoin-etfs-outpace-mining-production-in-december/" rel="noopener noreferrer nofollow">Bitcoin ETFs Outpace Mining Production in December</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Bitcoin ETFs Outpace Mining Production in December

Altcoin Buzz

Other articles published on Jan 7, 2025

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