In September, the mining output of Bitcoin (BTC) represented only 75.2% of the net inflows into U.S. spot Bitcoin ETFs, according to data from HODL15Capital. The total net inflow for the month was approximately 17,941 BTC, while mining produced 13,500 BTC.
This disparity highlights a notable trend, as the inflows into ETFs exceeded the production of new BTC, suggesting increased demand for Bitcoin in investment vehicles despite the mining sector’s output constraints.
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