Data cited by Bitfinex from Bitwise shows that since U.S. spot Bitcoin exchange-traded products launched in January 2024, public companies and U.S. spot Bitcoin ETPs have bought a combined 1.55 million BTC. Over the same period, newly issued Bitcoin supply was about 455,000 BTC. That puts aggregate purchases at 3.6 times the amount of new supply. The data also indicates that the gap between demand from these buyers and Bitcoin’s newly added supply is still widening. The figures point to sustained buying pressure from listed companies and U.S. spot Bitcoin ETPs relative to the pace at which new Bitcoin has entered circulation since the products went live.
Bitfinex, citing Bitwise data, said public companies and U.S. spot Bitcoin exchange-traded products have bought 1.55 million BTC since U.S. spot Bitcoin ETPs launched in January 2024.
Over the same period, newly added Bitcoin supply was about 455,000 BTC. That means purchases reached 3.6 times new supply, with the gap still widening.
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