• Spot Bitcoin ETFs now hold over 6% of total BTC, led by BlackRock’s IBIT and Fidelity’s FBTC.
• Over $150B flowed into spot BTC ETFs since SEC approval, reshaping market demand.
• ETF purchases often outpace BTC mining supply by 10x, fueling a 160% price surge.

Since the U.S. SEC approved 11 spot Bitcoin ETFs in January 2024, over $150 billion in capital has flooded into the market. The sudden inflows show powerful demand from both institutional and retail investors seeking direct Bitcoin exposure through a traditional, regulated format. 

BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) are leading the pack in both assets and volume. With more than 1.29 million BTC now held across all of these funds, spot Bitcoin ETFs account for over 6% of the total circulating Bitcoin supply.

The approval of spot Bitcoin ETFs on January 10, 2024, followed a decade of regulatory delays. A key legal victory came in 2023 when a federal court sided with Grayscale in its challenge against the SEC, stating the agency had not properly explained its reasoning for rejecting spot products while allowing futures-based ones.

Related: Spo…

The post Bitcoin ETFs Create “Demand Shock,” Buying 10x More BTC Than Is Mined appeared first on Coin Edition.

• Spot Bitcoin ETFs now hold over 6% of total BTC, led by BlackRock’s IBIT and Fidelity’s FBTC.
• Over $150B flowed into spot BTC ETFs since SEC approval, reshaping market demand.
• ETF purchases often outpace BTC mining supply by 10x, fueling a 160% price surge.

Since the U.S. SEC approved 11 spot Bitcoin ETFs in January 2024, over $150 billion in capital has flooded into the market. The sudden inflows show powerful demand from both institutional and retail investors seeking direct Bitcoin exposure through a traditional, regulated format. 

BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) are leading the pack in both assets and volume. With more than 1.29 million BTC now held across all of these funds, spot Bitcoin ETFs account for over 6% of the total circulating Bitcoin supply.

The approval of spot Bitcoin ETFs on January 10, 2024, followed a decade of regulatory delays. A key legal victory came in 2023 when a federal court sided with Grayscale in its challenge against the SEC, stating the agency had not properly explained its reasoning for rejecting spot products while allowing futures-based ones.

Related: Spo…

The post Bitcoin ETFs Create “Demand Shock,” Buying 10x More BTC Than Is Mined appeared first on Coin Edition.