Spot Bitcoin exchange-traded funds (ETFs) in the United States acquired the equivalent of around two months worth of the cryptocurrencys mining supply in the first week of June.

With inflows of approximately $1.83 billion, the 11 ETFs bought 25,729 Bitcoin (BTC)in the trading week between June 3 and 7 around eight times more than the 3,150 new BTC mined over the same time, according to data from HODL15Capital.

The amount of Bitcoin acquired in the week alone was almost as much as the entire of May, 29,592 BTC, per HODL15Capitals count, and is the biggest week of buying since mid-March when Bitcoin hit its current all-time high of $73,679.

The 11 ETFs have seen $15.69 billion in net inflows since their January launch, including the $17.93 billion in net outflows from Grayscales fund, with total assets under management (AUM) of around $61 billion.

Bitcoin proponents have long touted cryptocurrency as digital gold due to its built-in scarcity mechanism, which sees only 21 million BTC ever beingissued.

Related: Bitcoin ETF flows will send BTC price into parabolic run, traders say

ETF Store president Nate Geraci noted in a June 9 X post that Bitcoin ETF AUM is around 60% that of the countrys gold ETFs, despite gold ETFs being around for 20 years and Bitcoin ETFs for only five months.

Bitcoin touched a highof $71,093on June 5amid the surge of inflows to the U.S. Bitcoin ETFs, the first time the asset has been above $71,000 since May 21, according to Cointelegraph Markets Pro.

The cryptocurrency has struggled to pass its current high, as its price is more heavily influenced by macroeconomic factors and geopolitical events, crypto exchange co-founder Radar Bear told Cointelegraph on June 7.

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Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June - Cointelegraph