Bloomberg ETF analyst Eric Balchunas released a chart on August 13th, showing that ETFs currently hold 909,700 BTC, which is worth approximately $55.1 billion based on the current price of BTC at around $60,500. They are approaching the estimated 11 million BTC reserves of Satoshi Nakamoto.
On average, BTCETF's monthly holdings increase by about 37,510 BTC. At this rate, their holdings could exceed Satoshi Nakamoto's holdings in January (one year after its initial launch).
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The US BTC ETF is expected to soon surpass Satoshi Nakamoto's BTC reserves
Bloomberg ETF analyst Eric Balchunas released a chart on August 13th, showing that ETFs currently hold 909,700 BTC, which is worth approximately $55.1 billion based on the current price of BTC at around $60,500. They are approaching the estimated 11 million BTC reserves of Satoshi Nakamoto. On average, BTCETF's monthly holdings increase by about 37,510 BTC. At this rate, their holdings could exceed Satoshi Nakamoto's holdings in January (one year after its initial launch).