US-traded spot Bitcoin exchange-traded funds (ETFs) hold approximately 1.07 million BTC worth nearly $96 billion. Bloomberg ETF analyst James Seyffart mentioned that these ETFs might soon surpass Satoshi Nakamoto’s estimated stash of 1.1 million BTC. Furthermore, Bloomberg senior ETF analyst Eric Balchunas noted that BlackRock’s iShares Bitcoin Trust surpassed $40 billion in assets under management (AUM) in 211 days, placing it among the top 1% of all ETFs.
Over $2 billion in inflows have been recorded in US-traded spot Bitcoin ETFs this week, with IBIT leading with nearly $1.8 billion. A recent Glassnode report highlighted a preference for spot-driven exposure to Bitcoin through ETFs instead of futures contracts. Investment giant Vanguard is predicted to start offering spot Bitcoin and Ethereum ETFs on its brokerage platform, but some analysts are skeptical about this happening.
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<p>The post Bitcoin ETFs Gain Momentum with Potential $96 Billion Surpassing Bitcoin Creator Satoshi Nakamoto’s Stash. first appeared on CoinBuzzFeed.</p>
