Since its launch, the US spot ETP has purchased more than 529,000 BTC, far exceeding the amount of mining output during the same period
according to Cointelegraph, since the launch of the US spot ETP, 529,325 bitcoins have been purchased, while the number of bitcoins mined during the same period is only 249,725. This indicates that institutional demand for bitcoin far exceeds the current supply, and market demand for bitcoin remains strong.
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