Crypto Feed News

#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 .

#BTC Price Analysis# #GoldVsBTC #BitcoinETF