$BTC $ETH 🚨🚨🚨Latest news: Shortage of supply in Bitcoin: "Large banks contacted about this issue"

The fact that Bitcoin ETFs have purchased over 500k#BTCsince the day they were launched appears to have created a supply shortage. Hut8, one of the largest mining companies, announced that Wall Street banks had contacted them directly to buy Bitcoins.

Bitcoin ETFs, which are moving with a much faster acceleration than expected, appear to have caused supply shortages.

Hut8, one of the largest publicly traded Bitcoin mining companies in the United States, recently said that major banks have contacted the company directly to buy Bitcoins.

Speaking to DL News, Hut8 CEO Asher Genoot said: “Due to supply shortages on different exchanges, banks have approached us to buy our Bitcoins.” Genoot claimed that banks are interested in Hut8's assets as well as its Bitcoin production. However, the CEO did not name the institutions, but said they were “the biggest banks imaginable.”

Bitcoin ETFs have raised a large amount of BTC since January 11, when they launched. As of today, active#ETFsexceed $57 billion. Excluding the Grayscale ETF, the amount the ETFs have raised from the market is more than 500 thousand BTC.

Hut8 has $600 million in Bitcoin assets. The company is the fourth largest holding of Bitcoin among publicly traded companies. Dec

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