Spot Bitcoin exchange-traded funds (ETFs) in the US gobbled up significantly more Bitcoin than miners produced in December 2024.
- ETFs amassed 51,500 BTC, according to data from Apollo and BiTBO.
- Miners only produced 13,850 BTC, highlighting strong ETF demand.
- This trend suggests there’s not enough supply to meet demand at current prices.
Bitcoin ETF Inflows Surge
The momentum continued in January 2025, with significant Bitcoin ETF inflows:
- Over $900 million worth of Bitcoin was acquired on January 3rd.
- Nearly $1 billion in inflows are expected for January 6th (preliminary data).
Major Bitcoin Miner Production
Several major Bitcoin mining companies reported their December production figures:
- Marathon Digital: 9,457 BTC (largest miner by market cap)
- Riot: 516 BTC (4% increase from November)
- Cleanspark: 668 BTC
- Core Scientific: 291 BTC
- Bitfarms: 211 BTC
- Terawulf: 158 BTC
- BitFuFu (cloud mining): 111 BTC
January 2025, Cryptoniteuae
📧 The Gulf reads Cryptonite first
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