Bitwise CIO: Since the launch of the Bitcoin ETF, the amount of BTC purchased is more than twice the amount mined by miners
ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated that since the launch of the spot Bitcoin ETF, the number of Bitcoins purchased by related funds has reached approximately 263,965, while the number of Bitcoins mined by miners during the same period is 129,281. This means that the amount of BTC purchased by the Bitcoin ETF since its launch is more than twice the amount mined by miners.Additionally, since the ETF launched on January 11, Bitcoin has risen by about 40%, and since October 2023, Bitcoin has increased by over 100%. The impact of the Ethereum ETF on ETH is expected to be even greater.