bullish

Satoshi

Value

Satoshi Nakamoto

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin ETFs’ total net assets have surpassed $100 billion, with total net flows for this week reaching a record $2.89 billion.</li> 
 <li>Bitcoin’s trading volume for the “Bitcoin Industrial Complex” has hit a new record high, contributing to the market’s bullish sentiment.</li> 
</ul> 
<p> Bitcoin ETFs have achieved a significant milestone, with Assets Under Management (AUM) exceeding $100 billion.</p> 
<p>This week’s total net inflows have also set a record, reaching $2.89 billion. The total net inflows have reached $30.35 billion.</p> 
<h2 id="bitcoin-etfs-nearing-satoshi-nakamoto-s-holdings">Bitcoin ETFs Nearing Satoshi Nakamoto’s Holdings</h2> 
<p>Eric Balchunas, a senior ETF analyst at Bloomberg, noted that Bitcoin ETFs are now 97% of the way to surpassing Satoshi Nakamoto as the largest Bitcoin holder and are 82% closer to overtaking gold ETFs.</p> 
<p>Data from SoSo Value indicates that this significant milestone was preceded by substantial inflows throughout the week. On November 20, 2024, inflows surged to $796 million, while the total net assets surpassed the $100 billion mark.</p> 
<p>The largest contributor was IBIT, holding nearly half of the total assets at $47.92 billion and accounting for $608 million in inflows.</p> 
<h2 id="bitcoin-nears-100-000">Bitcoin Nears $100,000</h2> 
<p>As Bitcoin ETFs continue to grow, Bitcoin itself is nearing a valuation of $100,000. At press time, Bitcoin was trading at $99,057, reflecting a 1.98% daily increase.</p> 
<p>Benjamin Cowen, CEO of Into The Cryptoverse, drew parallels between Bitcoin’s trajectory and the QQQ’s 1999 launch, which surged from $48-$49 to $120 in 54 weeks, despite brief pullbacks.</p> 
<p>Adding to Bitcoin’s momentum, Balchunas highlighted another win for the cryptocurrency as the trading volume for the “Bitcoin Industrial Complex” hit a new record high, with $50 billion coming from MicroStrategy (MSTR) and related products.</p> 
<p>With Bitcoin ETFs breaking records and Bitcoin nearing $100,000, the market’s bullish sentiment continues to soar.</p>

Bitcoin ETFs Top $100B Hinting at Imminent BTC Surge to $100k

Table of Contents

CoinEagle.com

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