ETFs Are Absorbing More Bitcoin Than Miners Can Produce

By: cointribuneen|2025/05/05 18:30:02
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Institutional demand for bitcoin is exploding. Last week, US ETFs accumulated 18,644 BTC. In comparison, miners only extracted 3,150. An unprecedented gap is disrupting the traditional balance. US Bitcoin ETFs vs Miners: An Unprecedented Imbalance The rush for spot ETFs on bitcoin has reached new heights. From April 28 to May 2, the exchange-traded funds bought nearly six times more BTC than mining production. According to HODL15Capital , these vehicles acquired 18,644 coins. Meanwhile, miners only extracted 3,150. Daily production hovers around 450 BTC . Thus, institutions have absorbed the equivalent of more than 40 days of mining. This phenomenon marks a major shift. It shows that investor appetite in the spot market now exceeds the capacity to create new coins. Capital flows confirm this imbalance. Farside Investors reports approximately $1.8 billion inflows over the last five trading days. Only a net outflow was recorded on April 30. Since April 16, outflows have been almost nonexistent. The enthusiasm of professional investors is evident. This acceleration coincides with a surge in the bitcoin price. In early May, BTC rose 4% to reach $97,700. However, the price soon fell back to around $94,000. With supply remaining limited, each new demand moves prices. Tension therefore rises between demand and production. Implications and Market Outlook BlackRock’s dominance is becoming clearer. Its iShares Bitcoin Trust (IBIT) raised nearly $2.5 billion in five days. Even better: IBIT has seen 17 consecutive days without capital outflows. This record illustrates asset managers’ confidence. For Nate Geraci , president of the ETF Store, this category of ETFs has already crossed $110 billion in assets under management. And despite significant hurdles. Many wealth management platforms still prohibit access to Bitcoin ETPs. Financial advisors struggle to recommend them. Imagine the outlook if these barriers fall. Bitcoin ETFs could trigger a new wave of massive inflows. Volume and liquidity would multiply. Consequently, pressure on miners would intensify. And bitcoin’s spot premium could soar even higher. Faced with this wild race, bitcoin stands at a historic crossroads. The equation between limited supply and record institutional demand will define its short-term trajectory. Nothing will be the same again. Within 100 days, it is possible that it climbs to $135,000 .

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On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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