This week, the value of Bitcoin purchased by U.S. Bitcoin ETFs exceeded $2.20 billion, while the mining output during the same period was only 3,150 BTC.
According to a post by Cointelegraph on the X platform, data reveals that this week, U.S. Bitcoin ETFs purchased Bitcoin worth $2,274,720,000, while the mining output for this week was only 3,150 $BTC, indicating that demand exceeds supply.