Bitcoin ETF Issuers Are Acquiring BTC More Than 20 Times Faster Than Miners Can Produce New Blocks

Bitcoin ETF issuers are continuing to acquire BTC at an alarming rate, purchasing over 9,000 on Friday and Monday alone.

This rate of consumption is more than 20 times higher than the rate at which new blocks are being mined by Bitcoin miners.

Despite Bitcoin's recent downturn, the ETF issuers are showing no signs of slowing down their BTC buying spree.

Bitcoin ETF Issuers Buying Up BTC at an Unprecedented Rate

As Bitcoin ETFs continue to trade on the stock exchange, analysts are keeping a close eye on the rate at which these ETFs are acquiring BTC.

On Friday, January 3, these ETFs purchased over 9,000 BTC, which is significantly higher than the usual rate of consumption.

However, they managed to increase this rate on Monday, purchasing over 9,600 BTC.

“US Spot Bitcoin ETFs absorbed another (absolutely huge) 9,624 BTC yesterday. Remember, only approximately 450 are mined daily. This is the second working day with purchases above 9,000. ‘Get some / get yours’ while you still can,” said Shaun Edmondson.

Since the approval of the first Bitcoin ETF, all 12 issuers have become some of the largest whales in the cryptocurrency industry.

In October, these ETF issuers were already purchasing BTC at a rate of five times the world's mining output, and this figure has only continued to increase, now reaching over 20x.

Collectively, they owned 5% of the total supply in November and surpassed Satoshi's holdings shortly after.

While IBIT’s Bitcoin ETF was recently called “the greatest launch in stock exchange history,” the market has still seen early troubles in 2025.

Last week, IBIT saw a $330 million outflow, breaking its own record. The other issuers also faced similar doldrums.

Despite this bearish signal, the ETF issuers are continuing to acquire BTC at an increasing rate.

This trend has sparked concerns among some members of the crypto community, who are worried about the impact that these large institutions could have on Bitcoin's inherent decentralization.

These concerns are being further fueled by the fact that the ETFs already surpassed Satoshi's holdings one month ago, and according to analyst Eric Balchunas, they are already “4% of the way to lapping” the creator's BTC holdings.

As the dust settles on this development, it will be interesting to see how this buying pressure continues to impact the crypto market, especially considering that barely over two months ago, the ETF issuers were mining five times the total output of Bitcoin miners.

Now, it’s over 20 times their output, and bearish market signals have only led to even bigger buys. There currently seems to be no countermeasure to this growing trend.