CandleFocus

Bitcoin ETFs acquired nearly three times the amount of BTC produced in December

US spot Bitcoin ETFs purchased significantly more BTC than was produced by miners in December, accumulating 51,500 Bitcoins collectively. This influx of capital into BTC ETFs helped push the price above $100,000 to a new all-time high. Additionally, BTC exchange balances have hit historic lows, creating a potential supply bottleneck. US Spot Bitcoin ETFs continue to see net inflows, with over $900 million entering the funds' reserves for the second consecutive weekday. BlackRock's IBIT and Fidelity's FBTC were top performers in terms of inflows. The increased inflows coincide with BTC reclaiming a position above $100,000.

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