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Coinbase’s John D’Agostino Says Bitcoin ETFs Drive Record Inflows, Miners Can’t Keep Up With Scarcity
By: defi news|2025/05/14 03:30:06
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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.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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