Satoshi Nakamoto’s Bitcoin holdings are on the verge of being surpassed by spot Bitcoin exchange-traded funds (ETFs), which could even overtake gold ETFs by Christmas. US spot Bitcoin ETFs have seen significant growth since their January launch, with around 1.081 million bitcoins held, close to Nakamoto’s 1.1 million estimate.
Satoshi Nakamoto, the anonymous creator of Bitcoin, owns approximately 5.68% of the total Bitcoin supply, estimated at over $100 billion. Bloomberg’s ETF analyst Eric Balchunas predicts ETFs could surpass Nakamoto by Thanksgiving, thanks to their 98% lead. The rise in ETF inflows coincides with the introduction of options trading, attracting more institutional investors.
Spot Bitcoin ETFs recently surpassed the second-largest gold ETF, iShares Gold Trust, in assets under management. Bitcoin ETFs currently manage $107 billion, potentially overtaking gold ETFs’ $120 billion by Christmas.
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