The U.S. Spot ETP purchases of Bitcoin exceeded 529,000 coins, far surpassing the newly mined quantity.

Odaily News Since the launch of the US Spot ETP, 529,325 Bitcoins have been purchased, while only 249,725 Bitcoins were newly mined during the same period. This indicates that institutional demand for Bitcoin far exceeds the current supply, and the market demand for Bitcoin remains strong. (Cointelegraph)

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