Satoshi

United

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-etfs-set-to-exceed-nakamotos-holdings" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs Set to Exceed Nakamoto’s Holdings</a><br></p>
<p style="text-align: justify">Eric Balchunas, a prominent ETF expert, forecasts that <a href="https://en.bitcoinhaber.net/understanding-the-rise-of-bitcoins-new-whales" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs will soon surpass the Bitcoin holdings of Satoshi Nakamoto, with a total projected asset value exceeding $90 billion by mid-December. This anticipated milestone underscores the remarkable trajectory of Bitcoin ETFs within the financial landscape.</p>
<h2 id="how-are-bitcoin-etfs-gaining-ground">How Are Bitcoin ETFs Gaining Ground?</h2>
<p style="text-align: justify">Bitcoin ETFs in the United States are positioned to become the foremost holders of Bitcoin, potentially overtaking Nakamoto, who is estimated to own around 1.1 million <a href="https://en.bitcoinhaber.net/institutional-investors-drive-bitcoin-etf-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>. Currently, these ETFs possess roughly 1.04 million BTC, which is about 95% of Nakamoto’s estimated total. Balchunas suggests that these funds are likely to achieve this goal by Thanksgiving.</p>
<h2 id="are-investors-actively-engaging-with-bitcoin-etfs">Are Investors Actively Engaging with Bitcoin ETFs?</h2>
<p style="text-align: justify">As of November 12, inflows into spot Bitcoin ETFs reached $1.1 billion, indicating significant investor interest. Leading the charge, BlackRock’s IBIT secured $756 million, while Fidelity’s FBTC attracted $135 million. On the following day, IBIT boasted over $1 billion in trading volume in a mere 25 minutes, outpacing other popular ETFs.</p>
<ul>
 <li>Bitcoin ETFs are on track to become the largest holders of Bitcoin.</li>
 <li>U.S. Bitcoin funds purchased over 56,000 BTC in two weeks.</li>
 <li>Despite a significant outflow prior to elections, Bitcoin ETFs saw a massive influx of $3.4 billion post-election.</li>
 <li>Spot ETFs are acquiring Bitcoin at around 17,000 BTC weekly pace.</li>
</ul>
<p style="text-align: justify">The impressive growth of Bitcoin ETFs is driven by market trends and an influx of institutional interest. This phenomenon signals a robust demand for Bitcoin, highlighting ETFs’ role as a viable investment channel for large-scale investors.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-etfs-set-to-exceed-nakamotos-holdings" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs Set to Exceed Nakamoto’s Holdings</a></h5>

Bitcoin ETFs Set to Exceed Nakamoto’s Holdings

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