BlackRock Bitcoin ETF has been single-handedly dominating the ETF market, clocking another $287.5 million in inflows on Tuesday. With over $46 billion in flows since inception in January 2024, Bloomberg Senior ETF Analyst Eric Balchunas believes that the asset manager will overtake Satoshi Nakamoto’s BTC holdings by next summer. Furthermore, if the Bitcoin price rallies to $150K, BlackRock can attain this milestone even faster. BlackRock Poised to Overtake Satoshi Nakamoto in BTC Holdings Eric Balchunas pointed out that BlackRock is now the second-largest Bitcoin holder globally, trailing only the pseudonymous BTC creator Satoshi Nakamoto. According to Balchunas, if the BlackRock Bitcoin ETF continues to accumulate at this rate, it could become the largest Bitcoin holder by next year’s summer. Source: Eric Balchunas Balchunas speculated that if Bitcoin reaches $150,000 in the coming months, it could spark a “feeding frenzy” among financial advisors. With massive Bitcoin ETF inflows recently, BlackRock knocked… Read More at Coingape.com
The post BlackRock Bitcoin ETF To Overtake Satoshi Nakamoto’s BTC Holdings Next Summer appeared first on CoinGape.
