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🧠BITCOIN ETFs AMASS 247,000 BTC

🧠BITCOIN ETFs AMASS 247,000 BTC

Day: 09 | Time: 19:26:31 Bitcoin ETFs have accumulated over 247,000 Bitcoin since their launch, double what miners have produced since January 11th. This highlights the growing demand for Bitcoin, which is facing limited supply due to the April halving. Additionally, the interest cost on the US national debt is equivalent to 6,747,952 Bitcoin, which represents approximately one-third of all Bitcoins currently in circulation. Considering that the US national debt is nearly $35 trillion, the total debt in Bitcoin would be 614,035,088 BTC, highlighting the magnitude of the debt compared to the limited availability of Bitcoin.

Infographic from Jeff Park showing Bitcoin ETF accumulation
Bitcoin: Demand from US ETFs vs New Supply: (Source: Bitwise)