Get ready for a major shift in the Bitcoin world! US-based ETFs are on track to become the biggest Bitcoin holders, even surpassing the legendary Satoshi Nakamoto, the anonymous creator of Bitcoin. This is a huge deal and shows just how much interest big institutions are taking in crypto.
The Rise of Institutional Bitcoin
Analyst Eric Balchunas predicts that by the end of this year, ETFs will own more Bitcoin than Satoshi. This is happening because institutions like BlackRock and Fidelity are pouring money into Bitcoin ETFs.
BlackRock, the world’s largest investment manager, is already the third-largest Bitcoin holder with its IBIT Bitcoin ETF. They’re on track to be the biggest holder by the end of next year. Fidelity is also making a big splash in crypto with their FBTC fund, holding a significant amount of Bitcoin.
A New Era for Bitcoin?
This shift in ownership could mean big things for Bitcoin. As more institutions get involved, it could lead to more stability and wider adoption. It’s still early days, but it’s clear that the Bitcoin world is changing, and it’ll be fascinating to see what happens next.
