Institutional demand for bitcoin is exploding. Last week, US ETFs accumulated 18,644 BTC

This rush for spot ETFs on bitcoin has reached new heights. From April 28 to May 2, the exchange-traded funds bought nearly six times more BTC than mining production.

Institutional demand for bitcoin is exploding. Last week, US ETFs accumulated 18,644 BTC. In comparison, miners only extracted 3,150. An unprecedented gap is disrupting the traditional balance.

The rush for spot ETFs on bitcoin has reached new heights. From April 28 to May 2, the exchange-traded funds bought nearly six times more BTC than mining production. According to HOLD15Capital, these vehicles acquired 18,644 coins.

According to materials viewed by Settimana Crypto, the firm specialized in ETF flows, capital deployed by institutional investors in bitcoin ETFs over the last five trading days reached nearly $1.8 billion.

This imbalance is remarkable. It also marks a major shift. Indeed, it shows that investor appetite in the spot market now exceeds the capacity to create new coins.

According to blockchain data, miners extracted around 3,150 bitcoins last week. A quantity six times lower than that absorbed by ETFs.

This statistic highlights the strength of the recent rally. It also underscores the weakness of the cryptocurrency in the face of such strong demand.

As a reminder, bitcoin’s price rose 4% in early May to reach $97,700. However, the price soon fell back to around $94,000.

With supply remaining limited, each new demand moves prices. Tension therefore rises between demand and production.

ETFs: A Category in Full Expansion

This acceleration coincides with a surge in the bitcoin price. In early May, BTC rose 4% to reach $97,700. However, the price soon fell back to around $94,000.

With supply remaining limited, each new demand moves prices. Tension therefore rises between demand and production.

This acceleration coincides with a surge in the bitcoin price. In early May, BTC rose 4% to reach $97,700. However, the price soon fell back to around $94,000.

With supply remaining limited, each new demand moves prices. Tension therefore rises between demand and production.

This acceleration coincides with a surge in the bitcoin price. In early May, BTC rose 4% to reach $97,700. However, the price soon fell back to around $94,000.

With supply remaining limited, each new demand moves prices. Tension therefore rises between demand and production.