US Bitcoin ETFs bought 6x more than BTC miners produced last week

By: the crypto news wire|2025/05/05 16:00:02
0
Share
copy
A whopping 18,644 Bitcoin were scooped up by ETFs in the US over the past week, while only 3,150 BTC were mined. Spot Bitcoin exchange-traded funds (ETFs) in the United States bought up nearly six times as many Bitcoin as were produced by miners over the last week. The US-based Bitcoin ( BTC ) funds bought a whopping 18,644 Bitcoin over the past week when only 3,150 BTC were mined for the period, reported asset allocator HODL15Capital on May 4. This accumulation by institutions and ETF issuers represents almost six times the amount of the asset being produced since miners only generate 450 coins per day. Read more

You may also like

MegaETH Co-founder: 48 Hours After Leaving Dubai, I Reassessed the Entire Crypto Space

In an era of technological upheaval, rather than pursuing the "legitimacy" co-opted by power, it is better to sharpen the blade and build parallel systems that truly expand individual sovereignty.

Web3 Winter Mass Exodus: Resignations, Closures, Transformations, and Acquisitions

The intense collision between technology and capital, products and markets, vision and reality, each story reflects the confusion and unwillingness of the market participants.

Key Market Information Discrepancy on March 4th — A Must-Read! | Alpha Morning Report

1. Top News: Strait of Hormuz Emerges as Flashpoint in US-Iran Standoff, US Stocks Trim Losses, Asia-Pacific Markets Open Sharply Lower, Cryptocurrencies See Slight Recovery 2. Token Unlock: None

During the weekend market closure, Hyperliquid more accurately predicted the Gold reopening price than Binance

When markets are closed and real-time pricing is needed due to geopolitical risks, Hyperliquid takes the lead and is closer to the eventual futures reopening price.

OpenClaw thrusts crypto project Venice.ai into the spotlight as its token VVV surges over 500% in a single month

Openclaw Founder Advises Young People "Not to Waste Time on Cryptocurrency," Yet in its official documentation, it lists the cryptocurrency project Venice.ai as a recommended model provider.

Different Rulings in Similar Cases: Why can Uniswap go free while Tornado Cash cannot?

Time and tide wait for no man.

Popular coins

Latest Crypto News

Read more