Home > Quick > Body

The US Bitcoin ETF is expected to soon surpass Satoshi's BTC reserves

clock
2024-08-14 01:39:03
Bloomberg ETF analyst Eric Balchunas posted a chart to X on August 13 showing that the ETF currently holds 909,700 bitcoins, which are worth around $55.10 billion at current prices of around $60,500. They are approaching Satoshi's estimated 1.1 million BTC reserve.
On average, Bitcoin ETFs add about 37,510 BTC to their holdings each month, and at this rate, their holdings could exceed Satoshi's holdings in January, a year after their initial launch.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.