According to analyst Shaun Edmondson, Bitcoin ETF issuers bought more than 9,000 BTC on Friday, January 3, and more than 9,600 BTC on Monday. Since the first approval of Bitcoin ETFs, all 12 issuers have become big players in the industry. In October, they purchased the equivalent of 5 times the global mining production. Now this figure has exceeded 20 times. Analysts believe that bearish market signals will only lead to greater purchases.