Bitcoin ETFs Now Hold More Bitcoin Than Miners Produce

Quick Summary:

This surge in demand highlights the growing interest in Bitcoin ETFs, which are now a major market force.

US Bitcoin ETFs snapped up more Bitcoin than miners produced in September 2024.

Data from HODL15Capital shows that ETFs collectively acquired 17,941 BTC, while miners only mined 13,500 BTC during the same period.

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Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: India

Topics: Market News ETFs News Bitcoin ETF Market News BlackRock

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 07:58:20 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 146 words

Reading Time: 1 minutes read

Sentences: 48 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22847554

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 7 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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