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.
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.
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