Wall Street’s Bitcoin ETFs Gobble 26,700 BTC in a Month—Leaving Miners in the Dust
US Bitcoin ETFs just vacuumed up more BTC than the entire mining network produced last month—26,700 coins versus ~25,500 mined. Guess Wall Street finally found a ’disruptive’ asset it can’t help but front-run.
Meanwhile, crypto OGs shrug: ’Told you they’d FOMO.’
Source: “X” (HODL15Capital)
The beginning of 2024 saw the market heading up. During January, February, and March, the exchange received 33,546 BTC, 116,561 BTC, and 65,456 BTC in inflows. Yet, May saw a sharp decrease in sentiment, as ETFs sold off 6,074 BTC. Although the selling slowed in March, 9,843 BTC were still moved.
Though things may be unstable now, institutions are likely to maintain interest over the following year. In October and November 2024, Bitcoin inflows were 76,823 and 71,570, respectively, proving that market players strongly believed in Bitcoin in the coming new year.
With the inflows of April and May in 2025, a major change could be approaching. In addition to recent improvements in the momentum of crypto markets, the bull-bear indicator has turned bullish, suggesting a new bull run could begin.
Also Read: Bitcoin, ETH, xrp price Prediction: Weekend Breakout Ahead?
