U.S. Bitcoin ETFs Set to Surpass Satoshi Nakamoto's Holdings
TradingKeyAug 16, 2024 7:06 AM
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TradingKey - Bloomberg ETF analyst Eric Balchunas recently revealed on social platform X that the combined holdings of Bitcoin by the 10 U.S. spot Bitcoin ETFs have exceeded 909,000 BTC.
He predicts that at the current growth rate, the total holdings of these ETFs will surpass those of Satoshi Nakamoto by October this year. Additionally, he is optimistic about BlackRock's IBIT, suggesting it could become the largest Bitcoin holder by the end of next year. Currently, BlackRock ranks third in terms of Bitcoin holdings.
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