- U.S. Spot Bitcoin ETFs drove a potential supply shock with surging BTC demand.
- Ethereum ETFs closed 2024 strong, signaling a possible shift in investor focus for 2025.
On the 7th of January, Bitcoin [BTC] once again surpassed the $100,000 milestone, peaking at $102,000 before encountering a sharp bearish turn. As of the latest update, the cryptocurrency has dropped by 6.21% in the past 24 hours, trading at $95,432.97.
This decline coincided with mounting concerns of a potential supply shock driven by surging demand from U.S. Spot Bitcoin ETFs.
Is Bitcoin ETF posing a risk to Bitcoin?
In December 2024 alone, these ETFs purchased an impressive 51,500 BTC—nearly quadrupling the 13,850 BTC mined during the same period as per Blockchain.com data.
Providing further insights on the same, an analyst took to X and noted,
“Demand …
