According to Odaily, Bloomberg's senior ETF analyst Eric Balchunas recently shared insights on X, highlighting that the holdings of the U.S. Bitcoin Spot ETF have reached 98% of Satoshi Nakamoto's holdings. This development positions the ETF to potentially become the largest holder of Bitcoin globally. Balchunas noted that the anticipated market movements around Thanksgiving appear promising. If the liquidity over the next three days mirrors that of the past three days, the trading scenario is likely to be finalized.
Furthermore, the ETF's assets under management currently stand at $107 billion, trailing the gold ETF by $23 billion. Balchunas expressed optimism that the Bitcoin Spot ETF could surpass the gold ETF in assets by Christmas. This potential shift underscores the growing influence and acceptance of Bitcoin in the financial markets, as well as the increasing interest from institutional investors. The comparison with gold, a traditional safe-haven asset, highlights Bitcoin's evolving role as a significant player in the investment landscape.
