US BTC Spot ETF Projected to Overtake Satoshi's Bitcoin Holdings by October

IconCryptoNewsTerminal Staff13 Aug, 2024

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US BTC Spot ETF Projected to Overtake Satoshi's Bitcoin Holdings by October

According to Decrypt, the US BTC Spot ETF is anticipated to surpass the Bitcoin creator Satoshi Nakamoto's BTC holdings. Bloomberg Senior ETF Analyst Eric Balchunas stated, "The 10 US BTC Spot ETFs hold 1 million BTC. Based on the current accumulation rate, this is likely to surpass the 1.1 million BTC held by Satoshi by October." If the projection holds true, this event will mark a significant milestone in the adoption of Bitcoin as a mainstream investment asset.