Bitwise CIO: The amount of BTC purchased since the launch of the Bitcoin ETF is more than twice the amount mined by miners
Matt Hougan, Chief Investment Officer of Bitwise, stated that since the launch of the spot Bitcoin ETF, approximately 263,965 Bitcoins have been purchased by related funds, while the amount of Bitcoins mined by miners during the same period was 129,281, which means that the amount of BTC purchased by the Bitcoin ETF is more than twice the amount mined by miners. In addition, since the launch of the ETF on January 11th, Bitcoin has risen by about 40%, and has risen by more than 100% since October 2023. It is expected that the impact of the Ethereum ETF on ETH will be even greater.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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