Data from Bitwise shows that U.S. spot Bitcoin ETFs absorbed approximately 18,991 BTC over the past 5 trading days—about 9 times the new supply mined .
This significant imbalance between supply and demand highlights strong institutional buying pressure, with inflows far exceeding the pace of new Bitcoin issuance.
If sustained, this trend could tighten available market supply and support continued bullish momentum in the medium term.