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Cryptocurrency News Articles
Bitcoin ETFs Nearing a Major Milestone, Set to Surpass Satoshi Nakamoto's BTC Stash
Nov 25, 2024 at 06:30 am
Since their launch in January, US spot Bitcoin ETFs have grown significantly. According to crypto analyst HODL15Capital, these funds now hold about 1.081 million Bitcoin, just below Nakamoto's estimated 1.1 million.
Major Takeaways:
- US spot Bitcoin ETFs are now close to becoming the biggest BTC holders globally.
- They are also set to overtake gold ETFs in total net assets.
- If the current pace of inflows continues, ETFs could surpass Satoshi Nakamoto's BTC stash by Thanksgiving.
- Bitcoin ETFs saw a 97% increase in inflows to $3.3 billion over the last five trading days.
- BlackRock's iShares Bitcoin Trust (IBIT) contributed $2 billion to these inflows.
- The introduction of options trading for these products is believed to be attracting more institutional investors.
- Bitcoin's stellar performance in 2024 has seen it soar nearly 160% this year.
- Its $1.91 trillion market capitalization surpasses silver and major corporations like Saudi Aramco.
- However, BTC still lags behind gold, which remains the world's largest asset with a market capitalization of over $18 billion.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Tether Mints $3B in USDt Amid Bitcoin Rally, CEO Ardoino Says Project Will Need to Reach 'Hyper-Productivity' in 2025
- Nov 25, 2024 at 10:55 am
- Stablecoin issuer Tether minted an additional $3 billion in USDt tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets
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- Ceasefire Agreed Between Warring Tribes in Pakistan's Kurram District
- Nov 25, 2024 at 10:20 am
- A seven-day ceasefire was agreed upon between two warring tribes in Kurram District, Khyber Pakhtunkhwa, on Sunday, following intense efforts by the provincial government to de-escalate violence that has plagued the region.
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- Crypto Market Update: Utility Tokens Gain Momentum as Regulatory Posture Takes Shape
- Nov 25, 2024 at 10:20 am
- Cryptocurrencies trade 24 hours a day, seven days a week and that can lead to some wild moves at odd times. In particular, weekends have been times of high volatility, especially ahead of a holiday week.
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- Mantle: A Layer 2 Cryptocurrency Making Waves in the Digital Currency Space
- Nov 25, 2024 at 10:20 am
- Mantle, a cutting-edge cryptocurrency, is making waves as a Layer 2 solution for Ethereum. Unlike traditional blockchains, Mantle's architecture segments crucial functions like transaction processing, consensus, and settlement into distinct modules, offering unparalleled adaptability for future changes.
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- German province of Schleswig-Holstein celebrates Diwali in their parliament for the first time
- Nov 25, 2024 at 10:20 am
- The event was well-attended by the Indian community, led by Rakesh Veuli, a resident of the Arshan Berg area. Tobias and Deputy Commerce Minister Julia Carsten along with other CDU Leaders and local Party workers attended the event and praised the contribution of the Indian community.