Due to the 50% reduction in supply issuance with the upcoming Bitcoin halving this week, the supply of the crypto on the exchanges is expected to dry up in nine months.
According to an April 15 report from Bybit, this will occur if demand for US Bitcoin ETFs remains stable.
The report stated the current Bitcoin supply dynamics after halving will likely cause the platforms' reserves to deplete, with only 2 million Bitcoins remaining.
Assuming a daily inflow of $500 million to spot Bitcoin ETFs, approximately 7,142 Bitcoins will leave the exchanges' reserves daily.
This suggests that it will only take nine months to deplete all remaining reserves.