Bitcoin ETFs are sucking up 10X more BTC than miners can produce
 https://yakihonne.s3.ap-east-1.amazonaws.com/fa1c539b363afc2d145b95f42bf83a5defe69480b3a6270c58c6b1910945d05b/files/1707808306516-YAKIHONNES3.jpg 
Spot Bitcoin ETF inflows have outpaced the amount of production from miners by over ten times over the past two trading days.

Spot Bitcoin exchange-traded funds (ETFs) scooped up ten times more Bitcoin 
BTC

tickers down
$50,038

 than what miners were able to produce on Monday. 

According to preliminary figures, at least $493.4 million or roughly 10,280 BTC net inflowed into spot Bitcoin ETFs as of Feb. 12.

BlackRock’s IBIT saw the lion’s share with a huge $374.7 million inflow. Meanwhile, Fidelity’s FBTC fund saw a $151.9 million inflow, and there was $40 million for Ark 21Shares’ ARKB fund. This was slightly offset by Grayscale outflows of $95 million and $20.8 million from Invesco’s BTCO, though net inflow was almost half a billion dollars.