On the 7th (local time), the US spot bitcoin ETF was announced by data provider Apollo.
Based on average data from Bitcoin and BitBoard (BiTBO), it was found that about 51,500 BTC was accumulated in December. This is nearly three times the amount of about 13,850 BTC mined in December.
December was a big month for the U.S. spot Bitcoin ETF. According to market data collection firm CoinGecko Data Standards, Bitcoin rose 1.2% to 1.2% on December 17.
In December, the cryptocurrency hit an all-time high of $108,135. According to Blockchain.com, only 13,850 BTC was added to the circulating supply in December.
This means that demand for the ETF is about 272% greater than supply.
"At current price levels, there is not enough supply to meet demand, so there is a mismatch between supply and demand," Myers said.
"Market momentum accelerated after Donald Trump won the presidential election in November," he said.
On the 6th, cryptocurrency researcher Vivek said that "Bitcoin balances on exchanges have hit a new low," and that "the supply shock is
Meanwhile, January 3 was a key day for inflows into the Bitcoin ETF, with over $900 million in Bitcoin purchased, and on January 6, nearly $1 billion in inflows.
Early data suggests an influx is expected, with most major bitcoin mining companies publishing their production figures for December.
MARA Holdings, the largest Bitcoin (BTC) mining company by market capitalization,
Holdings reported producing 9,457 BTC in December. Riot reported mining 516 BTC in December, a 4% increase from the previous month.
CleanSpark mined 668 BTC in December, according to a production report released on Jan. 6.
Scientific reported that its mining machines produced 291 BTC in December, while Bitfarms mined 211 BTC.
Terawulf revealed that it mined 158 BTC in December, while BitFuFu revealed that it mined 111 BTC.
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2025/01/08 10:03 KST
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