Spot Bitcoin ETFs in the US may soon collectively hold more Bitcoin than the cryptocurrency’s anonymous creator, Satoshi Nakamoto.

August 14, 2024

Bloomberg ETF Analyst Eric Balchunas posted a chart to X showing that the ETFs now hold 909,700 Bitcoin in total, worth around $55.1 billion at its current price of around $60,500.

They’re closing in on Nakamoto’s estimated 1.1 million BTC stash, which the mysterious creator mined in the infancy of BTC and hasn’t touched after vanishing over 13 years ago.

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Donald Trump says, “We’re embracing the future with crypto and leaving the slow, outdated big banks behind.” Yes, Mr. President, we heard you. You also want to pay off the national debt with Bitcoin. Brilliant plan.

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Spot Bitcoin ETFs in the US may soon collectively hold more Bitcoin than the cryptocurrency’s anonymous creator, Satoshi Nakamoto.

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Donald Trump stated that he will not debate Kamala Harris again, saying, “There will be no third debate.” No debate, no trades/positions for the traders. What a shame.

Donald Trump says, “We’re embracing the future with crypto and leaving the slow, outdated big banks behind.” Yes, Mr. President, we heard you. You also want to pay off the national debt with Bitcoin. Brilliant plan.