How Close Are The Bitcoin ETFs To Surpassing Satoshi Nakamoto?

Quick Summary:

Leading ETF analyst Eric Balchunas estimates that Bitcoin ETFs will surpass $90 billion in total assets and beat stashes of Bitcoin‘s pseudonymous creator Satoshi Nakamoto by mid-December. Meanwhile, traded Bitcoin products stand only 28% away from outshining the total holdings of gold ETFs.

This marks the second-largest flow day for the group since its launch, with only November 7th’s $1.4 billion inflow surpassing it.

Second biggest flow day for the group since launch.Only November 7th's $1.4 billion inflow day was larger pic.twitter.

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Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets: India

Topics: Bitcoin ETFs 24/7 Cryptocurrency News Satoshi Nakamoto Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 18:04:27 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23557839

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About CoinGape

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