U.S. spot Bitcoin ETFs recorded a net inflow of 367 BTC on Monday, accounting for approximately 82% of the day's newly mined Bitcoin output. The 7-day average inflow has significantly surpassed Bitcoin's daily production scale, indicating that institutional demand continues to outweigh the new supply from miners.
Which Tickers Are Affected
Bullish/Bearish Views
Bulls believe that the ETFs' continued high-intensity accumulation will reduce circulating supply in the market and push Bitcoin's price center higher; bears point out that if subsequent capital inflows slow down or turn into net outflows, combined with selling pressure from miners, prices may face correction pressure.