Gabor Gurbacs, advisor to Tether and VanEck companies, made a comparison between spot Bitcoin ETFs and daily Bitcoin supply.
According to Bloomberg data, spot Bitcoin ETFs, From Grayscale Bitcoin Trust (GBTC) Despite the sales, it continues to grow overall.
While there was an outflow of approximately $188 million from GBTC on January 31, thanks to the money flowing into other ETFs. Net holdings of approximately $200 million in ETFs growth occurred.
Gabor Gurbacs, advisor to Tether and VanEck, social media over, “A net $200 million per day entering Bitcoin ETFs means that 4,700 BTC leaves the market daily at current BTC prices and is transferred to cold storage.” said.
Compared to this, Gurbacs said, Bitcoin miners that it produces only 900 Bitcoins daily he emphasized.
The amount of Bitcoin produced daily as a result of the halving expected to be held in April 2024 cut in half to do. While block rewards decreased from 6.25 to 3.125, the amount of BTC produced daily also decreased. will drop to 450.