Bitcoin ETF issuers have been buying BTC at rates exceeding 20 times that of miners’ output. In just two days, over 9,000 BTC were acquired, highlighting a rapid accumulation that worries market observers about the potential impacts on Bitcoin’s decentralized nature.
The aggressive purchasing by ETF issuers has led to their control over more than 5% of the total Bitcoin supply. This centralization trend raises alarms within the crypto community as it contrasts with Bitcoin’s intended decentralized ethos.
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