Bitwise CIO: Bitcoin ETF has purchased more than twice as much BTC as miners have mined since its launch
2024-07-17 12:02:10
Bitwise chief investment officer matt hougan expressed cash cash ratiodesk3cryptocurrencydesktopCrypto News
Matt Hougan, chief investment officer of Bitwise, said that since the launch of the spot bitcoin ETF, the number of bitcoins purchased by related funds has reached about 263,965, while the number of bitcoins mined by bitcoin miners during the same period was 129,281, which means that the amount of BTC purchased by the bitcoin ETF since its launch is more than double the amount mined by miners. In addition, since the launch of the ETF on January 11, bitcoin has risen by about 40%, and since October 2023, bitcoin has risen by more than 100%. It is expected that the impact of the Ethereum ETF on ETH will be even greater.
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