Bitcoin – Here’s how mining stocks and Spot ETFs are fueling a market shift – BitRss

• Bitcoin’s decentralization could be at risk as mining power becomes increasingly centralized
• The role of BTC ETFs in powering this shift cannot be overlooked

At the heart of the Bitcoin [BTC] network are miners with major BTC holdings. In today’s volatile market, keeping track of their reserves is more crucial than ever. Interestingly, the amount of BTC held in miner wallets has dropped to a yearly low of just 1.809 million.

While factors like rising mining difficulty, breakeven expenses, halving, and reduced rewards are often blamed, there may be a deeper shift at play. This shift could be eroding miners’ influence over the market as more investors flock to alternative investment vehicles like Bitcoin ETFs. 

As a result, Bitcoin’s network risks becoming more centralized, raising the question – Is this a step forward or a setback for Bitcoin’s decentralized future?

Bitcoin’s decentralized future might be under threat

A year after the 2008 …