Bitcoin ETFs scooped up almost 3X more BTC than produced in December
Spot Bitcoin ETFs in the United States hoovered up a whopping 51,500 BTC in December while only a fraction of that was produced.
Spot Bitcoin exchange-traded funds in the United States alone scooped up almost three times the nearly 14,000 coins produced by miners during the month.
December 2024 was a huge month for spot Bitcoin ETFs in the US, which accumulated a total of around 51,500 BTC, according to data averaged from Apollo and BiTBO.
Momentum was driven by spot markets, with the asset reaching an all-time high of $108,135 on Dec. 17, according to CoinGecko.
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Author: Martin Young
