Nearly 200K BTC have been absorbed by the 9 spot ETFs since January 11, 2024!

For some, this is something Bullish. For others, this may pose a major risk for the Bitcoin revolution, because so many BTC will no longer be usable in P2P for everyday payments. Regardless, this figure should be put into perspective with the fact that there will be 656,250 BTC issued after the 4th Bitcoin halving.

However, this may not be a huge problem. Less BTC available for P2P just means that the value of BTC goes up and prices will change to Sats instead of BTC. The only problem will be in the future when something costs less than 1 Sat. But that is a way off.