👀 Bitcoin ETFs are sucking up 10X more $BTC than miners can produce According to preliminary figures, at least $493.4 m…

👀 Bitcoin ETFs are sucking up 10X more $BTC than miners can produce

According to preliminary figures, at least $493.4 million, or roughly 10,280 $BTC flowed into spot Bitcoin ETFs as of Feb. 12. 💸

On the same day, Bitcoin miners produced around 1,059 BTC worth roughly $51 million, according to Blockchain.com, which i just 10% of the amount of BTC being hoovered up by spot ETFs. 📊

A similar trend was also observed on Feb. 9, with approximately 12,700 $BTC or $541.5 million worth of the asset flowing into the ETFs in aggregate, compared to 980 $BTC worth around $45 million added through mining. 🧱