U.S. Bitcoin ETFs Set to Surpass Satoshi Nakamoto's Holdings

TradingKeyAug 16, 2024 7:06 AM

View all comments（0）



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.

altText

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Is the Bottom Officially In? Bitcoin's 11-Month Cycle Position Says Accumulation Season Starts Now

Bitcoin just ripped higher via a massive short squeeze. Is the crypto winter over? Discover why breaking $83,000 confirms the next major bull market.

Today’s Market Recap：Renewed Inflation Fears Weigh on US Stocks, Walmart Sinks 9%, Bitcoin Breaks $72,000

TradingKey - The impact of Bessent’s intervention in the bond market faded, while Trump’s threat of sanctions against Iran pushed up oil prices and reignited inflation concerns. At the close, the Dow Jones Industrial Average fell 1.32% to 52,759.21; the Nasdaq Composite Index dropped 1.00% to 26,06

Can Bitcoin Hit a New All-Time High in 2026? What Needs to Happen for BTC to Reclaim $126K

Will Bitcoin reach a new record high in 2026? Explore the key economic triggers, ETF inflows, and market factors needed for BTC to reclaim $126K.

Bitcoin at $65K vs. October’s $126K All-Time High: Is a 50% Drawdown a Buy Signal in 2026?

Bitcoin has dropped 50% from its $126K all-time high down to $64K. Explore why options data suggests this correction might be a prime buy signal.

Bitcoin Price Prediction: BTC Reclaims $62K Amid Iran Tensions — Is the Bottom In?

BTC defies global conflict to reclaim $62K. Read our latest Bitcoin price prediction to see if the crypto market bottom is officially in.

Featured Tools