**Bitcoin ETF Holdings on Track to Surpass Satoshi Nakamoto’s BTC Stash by Year-End**
According to Bloomberg ETF analyst Eric Balchunas, US spot Bitcoin exchange-traded funds (ETFs) are poised to eclipse the Bitcoin holdings of Satoshi Nakamoto, the pseudonymous creator of Bitcoin, by December. This prediction is based on the current accumulation pace of the ETFs, which is approximately 17,000 BTC per week.
**Projecting a Milestone: 1 Million BTC Holdings**
If the current trend continues, the ETFs are expected to surpass 1 million BTC holdings as early as next week. This would put them on track to outpace Nakamoto’s estimated holdings of around 1.1 million BTC by the end of the year.
**Recent Inflow into Spot BTC ETFs**
The recent influx of capital into spot BTC ETFs lends credence to Balchunas’ forecast. Over the past 12 trading days, these ETFs have attracted nearly $4 billion in investments, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) alone pulling in around $2.6 billion.
**Market Unpredictability: A Word of Caution**
While the growth of the funds remains on an upward trajectory, Balchunas notes that the unpredictability of the crypto market could impact the timeline. Unexpected events, such as a market selloff, could delay the achievement of this milestone.
**Expert Insights: A Mixed Outlook**
Balchunas comments on the potential outcomes, stating: “Anything can happen, e.g., a violent selloff, and all this is delayed albeit still inevitable. On the flip, if prices keep going up, Trump wins, we could see FOMO could kick in, and it all happens faster.”
**Disclaimer:**
Please note that this article is for informational purposes only and should not be considered as investment advice. Buying and trading cryptocurrencies carries high risks, and it is essential to do your own due diligence before taking any action.
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