Bloomberg ETF analyst Eric Balchunas predicted that by December, US spot Bitcoin exchange-traded funds (ETFs) BTC holdings could eclipse those of Satoshi Nakamoto.
Balchunas suggested that at their current accumulation pace — roughly 17,000 BTC weekly — the ETFs may surpass 1 million BTC next week. This puts them on track to outpace Nakamoto’s holdings, estimated to be around 1.1 million BTC, as early as December.
The recent inflow into spot BTC ETFs adds weight to this forecast. Over the past 12 trading days, these ETFs have attracted close to $4 billion, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) alone pulling in around $2.6 billion.
Go to Source to See Full ArticleAuthor: Oluwapelumi Adejumo
