JUST IN: The 9 new Bitcoin ETFs now hold 258,770 $BTC in total, buying an average of ~10,000 #Bitcoin  a day.

This is about 11x the daily issuance from the block reward.

CHART: Daily number of Bitcoin acquired by ETFs net of GBTC outflows. https://image.nostr.build/2ad24960e0686f5c94271ad26c435fb2e2fa631aba0adbb7f89aed5da2edc98a.jpg