John D’Agostino, head of strategy at Coinbase Institutional, highlighted that Bitcoin ETFs are experiencing record inflows, driven by strong demand that miners cannot meet. He compared the situation to a shoe salesman being unable to sell Nike products, emphasizing the unusual circumstance where fund managers are restricting salespeople from recommending Bitcoin ETFs despite high investor interest. Multiple Coinbase executives have confirmed that Bitcoin miners are unable to produce new coins at a pace sufficient to satisfy the overwhelming demand, leading to a scarcity of Bitcoin on exchanges. This surge in demand, fueled by massive ETF inflows, is outpacing the current supply of Bitcoin.
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