Bitcoin Price Soars as Spot ETFs Amass Ten Times More BTC Than Miners’ Production

Bitcoin price has surged past the $50,000 mark, fueled by an unprecedented influx of investments from spot Bitcoin exchange-traded funds (ETFs). These ETFs have managed to accumulate a staggering ten times more Bitcoin (BTC) than what miners were able to produce on Monday. More specifically, data shows that approximately $493.4 million, equivalent to around 10,280 […] source: https://cryptonews.com/news/bitcoin-price-soars-as-spot-etfs-amass-ten-times-more-btc-than-miners-production.htm