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However, all of the 10 Bitcoin ETFs, and in particular BlackRock’s iShares , have been having weak flows recently. As for Grayscale, for the past four trading days, its single-day Bitcoin ouflow from GBTC remains under $100 million.Before the halving took place on April 20, spot Bitcoin ETFs consumed about 12x the amount of BTC produced by miners per day. Back then, the daily amount produced was 900 BTC. Now, it is 50% less – 450 BTC.
In March this year, global pioneer cryptocurrency Bitcoin succeeded in reaching a new historic price high of $73,750. That was the first time BTC reached a new ATH before a halving.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
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