Bitcoin ETFs Could Surpass Satoshi's Holdings | Key Points | Aug. 14, 2024

U.S. Bitcoin ETFs are set to collectively hold more Bitcoin than its creator, Satoshi Nakamoto, with nearly 900,000 BTC already under management.

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Feature News: Could Bitcoin ETFs Surpass Satoshi’s Holdings?

U.S. Bitcoin ETFs are set to collectively hold more Bitcoin than its creator, Satoshi Nakamoto, with nearly 900,000 BTC already under management.

Why is this important? This milestone highlights the rapid growth and mainstream acceptance of Bitcoin ETFs, which provide a regulated entry point for investors who were previously hesitant about direct crypto investments.

By the numbers:

*All numbers according to a Decrypt report.

What’s next? At the current pace, these ETFs are expected to surpass Satoshi’s Bitcoin holdings by October 2024, with BlackRock likely leading the pack.

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This article is published on BitPinas: Bitcoin ETFs Could Surpass Satoshi’s Holdings | Key Points | Aug. 14, 2024