US Spot Bitcoin ETFs Demand Surges Past Bitcoin Mining Rate

Quick Summary:

US spot Bitcoin exchange-traded funds still buy more bitcoins per day than are being produced.

According to Coinglass, the total aggregate inflows across all eleven ETFs amount to around $814 million.

Since the introduction in January, the overall aggregate inflow has reached $28.5 billion.

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Article Details

Author / Journalist: Imran

Category: Crypto

Markets: United Arab EmiratesBhutan

Topics: Bitcoin BTC Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 10:58:52 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 274 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23720610

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 13 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

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