**US Spot Bitcoin ETFs Poised to Surpass Satoshi Nakamoto’s Holdings by December**
According to Eric Balchunas, a Bloomberg ETF analyst, US spot Bitcoin exchange-traded funds (ETFs) are on track to eclipse Satoshi Nakamoto’s BTC holdings by December. Balchunas predicts that if the current accumulation pace continues, with approximately 17,000 BTC being added weekly, the ETFs may surpass 1 million BTC as early as next week.
**Outpacing Nakamoto’s Holdings**
Nakamoto, the pseudonymous founder of Bitcoin, is estimated to hold around 1.1 million BTC. At their current pace, US spot Bitcoin ETFs are expected to outpace this amount by December. A recent inflow of investments into these ETFs supports this forecast, with close to $4 billion being added over the past 12 trading days. BlackRock’s iShares Bitcoin Trust ETF (IBIT) has been a significant contributor, pulling in around $2.6 billion.
**Market Unpredictability and Growth**
Despite the potential for market unpredictability, which could impact the timeline, Balchunas notes that the growth of these ETFs remains on an upward trajectory. He acknowledges that unexpected events, such as a selloff, could delay this growth, but emphasizes that the funds’ upward momentum is likely to continue.
**Quote from Eric Balchunas**
“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.”
This prediction highlights the potential for US spot Bitcoin ETFs to play a significant role in the cryptocurrency market, with the possibility of surpassing Nakamoto’s holdings by the end of the year.
**Disclaimer**
This article is for informational purposes only and should not be taken as investment advice. Buying and trading cryptocurrencies carries high risks, and it is essential to do your own research before taking any action.
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US spot Bitcoin ETFs are on track to surpass Satoshi Nakamoto’s BTC holdings by December, with a recent inflow of investments supporting this forecast. Despite market unpredictability, the growth of these ETFs remains on an upward trajectory.