ETFs1 source
Bitcoin ETFs bought nearly twice what miners produced in Q3—but $430 million left on Thursday
Headline from CryptoSlate
Key points
- Spot Bitcoin exchange-traded funds acquired roughly double the amount of Bitcoin created by miners during the third quarter.
- Despite this heavy accumulation, the products recorded outflows totaling $430 million on Thursday.
- Market metrics reveal declining balances among long-term holders alongside concentrated quarterly buying, leaving the long-term sustainability of supply absorption unverified as November redemptions commence.
Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.
Coins mentioned
Sources
- CryptoSlateBitcoin ETFs bought nearly twice what miners produced in Q3—but $430 million left on Thursday · 1 hour agoRead on CryptoSlate
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