Bitcoin ETF May Surpass Satoshi's BTC Holdings in the Short Term
Publication Time:2024-08-14 09:41:06
On August 13th, Bloomberg ETF analyst Eric Balchunas released a chart revealing the holding situation of Bitcoin ETFs. The data shows that these ETFs currently hold 909,700 Bitcoins, with a total value of approximately $55.1 billion at the current price of about $60,500 per Bitcoin. This figure is close to Satoshi Nakamoto's estimated reserve of 1.1 million BTC. On average, Bitcoin ETF holdings increase by about 37,510 BTC per month. At this growth rate, it is expected that the ETF holdings will exceed Satoshi's BTC reserves within one year of their first launch, by January 2023.
Eric Balchunas
Bitcoin ETF
BTC Holdings
Satoshi Nakamoto
Bloomberg