Bitcoin ETFs bought nearly twice what miners produced in Q3—but $430 million left on Thursday
Photo: CryptoSlate
US spot Bitcoin ETF outflows totaled $430 million on Nov. 5, according to Farside Investors . Bitcoin's ETF buyers added 79,800 BTC in the third quarter, against 41,300 BTC newly mined, according to 21Shares' Nov. 2 report . The comparison supports the scarcity argument, but offers limited reassurance about demand today: most of that buying arrived in two short windows, while older-holder balances fell by much more. For Bitcoin holders assessing a supply squeeze, the unresolved question is whether fund demand persists between those buying bursts. New issuance is only one part of the picture.
Source: CryptoSlate
