U.S. spot ETPs buy twice as much Bitcoin as newly mined supply

U.S. spot exchange-traded products (ETPs) have purchased 529,325 Bitcoin (BTC), while only 249,725 new BTC have been mined since their launch on Jan. 10 last year, according to Cointelegraph on X. The amount purchased by the ETPs is more than double the newly mined supply over the same period.