#Bitcoin ETFs Near Satoshi Nakamoto’s Holdings Milestone
U.S. spot Bitcoin ETFs are close to surpassing the 1.1 million $BTC held by Bitcoin’s anonymous creator, Satoshi Nakamoto—approximately 5.68% of Bitcoin’s total supply.
ETF Growth Momentum
*/ Current Holdings: Bitcoin ETFs hold 1.081 million $BTC , just 2% shy of Satoshi’s stash.
*/ Rapid Inflows: Weekly inflows surged 97%, reaching 3.3$
billion recently, led by BlackRock’s iShares Bitcoin Trust
contributing $2 billion. Analysts predict this milestone could be achieved by Thanksgiving.
Bitcoin ETFs vs. Gold ETFs
Bitcoin ETFs now manage $107 billion, closing in on gold
ETFs’ $120 billion. With current trends, Bitcoin ETFs could
surpass gold ETFs by Christmas.
2024 Performance Highlights
*/ Bitcoin is up 160% year-to-date, trading near $100,000, with a market cap of $1.91 trillion, outpacing silver and companies like Saudi Aramco.
* Although gold retains its $18 trillion valuation, Bitcoin’s institutional adoption suggests its continued rise.
Bitcoin ETFs are redefining crypto investment, inching closer to historic milestones and rivaling traditional assets like #gold .
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#BTCBreaks100K? #satoshiNakamato #BitcoinETF💰💰💰 #Write2Earn!