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According to preliminary figures, at least $493.4 million

Or roughly 10,280 BTC net inflowed into spot Bitcoin ETFs as of Feb. 12.

On the same day, Bitcoin miners produced around 1,059 BTC worth roughly $51 million, according to Blockchain.com, just 10% of the amount of BTC being hoovered up by spot ETFs.

A similar trend was also observed on Feb. 9, with approximately 12,700 BTC or $541.5 million worth of the asset flowing into the ETFs in aggregate, compared to 980 BTC worth around $45 million added through mining.

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