BlackRock’s Bitcoin ETF, $IBIT, has bought more Bitcoin than was mined - every single days since ETF was launched 👇Red line = 900 BTC mined per day (dropping to 450/day in mid-April!). See daily chart 👇
They never seem to stop or even slow down:
BLACKROCK'S SPOT BITCOIN ETF ACQUIRED OVER $778 MILLION OF BTC
IBIT added 12,600 BTC to its holdings on Tuesday, surpassing previous daily highs of around 10,000 BTC.
Trading volumes for the fund exceeded 107M shares, equivalent to over $3.6B price-weighted.
Source: CoinDesk