BlackRock Spot Bitcoin ETF Acquires Over 10,000 BTC in a Week, Outpacing New Supply

BlackRock Spot Bitcoin ETF Acquires Over 10,000 BTC in a Week, Outpacing New Supply

BlackRock’s spot Bitcoin ETF made headlines this week by purchasing a total of 10,290 BTC, significantly outpacing the newly mined supply. On average, only 3,150 BTC were mined during the same period, highlighting continued institutional demand outstripping fresh issuance.

The aggressive accumulation underscores growing investor confidence in Bitcoin as a long-term asset, particularly among institutional players. It also adds upward pressure on price dynamics by tightening available supply.

This trend raises questions about sustainability and potential market impact if such buying continues amid limited new issuance—especially following the recent Bitcoin halving, which further reduced the mining rate.

Disclaimer and Risk Warning
coinweck does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party.  coinweck should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
6 effective ways to lower cholesterol and boost heart health naturally 6 foods that diabetics should avoid Here are 6 benefits of a daily 1,000-step walk 6 diet tips to boost your immune system during the monsoon 6 Foods With More Potassium Than a Banana 6 reasons to consider making it part of your morning routine Crypto market maker Wintermute says ETH is nearly sold out on its institutional OTC desk amid strong demand Reserve Bank of Australia and DFCRC for secure tokenized asset settlement across blockchain and PayTo systems. 6 reasons to add paneer 6 health benefits of eating roasted gram